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Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Prepare the journal entries to record payroll
Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Prepare the journal entries to record payroll on December 31, the collection of rent on December 10 and adjusting journal entry on December 31. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet 1 Record the wages expense, including payroll deductions. Debit Credit 5,700 2 Record the payroll tax expense. 3 Record the collection of 30 days' rent in advance amounting to $5,700. Req 3 > Record the adjusting entry relating to rent. 5,700 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Show how any of the liabilities related to these items should be reported on the company's balance sheet at December 31. (Do not round intermediate calculations.) LAKEVIEW COMPANY Balance Sheet (partial) At December 31 Current Liabilities Withheld Income Taxes Payable FICA Payable Charitable Contributions Payable State and Federal Unemployment Tax Payable Deferred Revenue Total Current Liabilities $ 6,400 9,600 2,400 560 $ 18,960
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