During 2018, Riverside Company completed the following two transactions. The company's fiscal year ends on December 31. a. Paid and recorded wages of $130,000 during 2018; however, at the end of December 2018, wages of $1,300 for three days are unpaid and unrecorded because the next weekly pay day is January 6, 2019. b. Rented office space to another party and collected $3,000 on December 10, 2018. The rent collected was for 30 days from December 12, 2018, through January 10, 2019, and was credited in full to rent revenue. Required: 1. Prepare (a) the adjusting entry required on December 31, 2018, and (b) the journal entry on January 6, 2019, to record the payment of any unpaid wages from December 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 1 Record wages due and not paid. 2 Record payment of outstanding wages. 2. Prepare (a) the journal entry for the collection of rent on December 10, 2018, and (b) the adjusting entry on December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list 1 Record collection of rent revenue for a month. 2 Record rent collected in advance. 3. Determine the financial statement effects for each of the journal entries you prepared in (1) and (2). Indicate the accounts affected, amounts on the accounting equation. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Shareholders' Equity Date Dec. 31, 2018 (Wages) Jan. 6, 2019 Dec. 10, 2018 Dec. 31, 2018 (Rent) 4. Show how the liabilities related to these transactions should be reported on the company's statement of financial position at December 31, 2018. Statement of Financial Position at December 31, 2018 Current liabilities