If someone could help me answer these question for some I got a few correct and for the others, I was absolutely stuck and not sure how to get the correct answer. Would be greatly appreciated for the help.

Thank you.

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Lakeview Company completed the following two transactions. The annual accounting period ends December 31. a. On December 31, calculated the payroll, which indicates gross earnings for wages ($40,000), payroll deductions for income tax ($4,000), payroll deductions for FICA ($3,000), payroll deductions for American Cancer Society ($1,500), employer contributions for FICA (matching), and state and federal unemployment taxes ($350). Employees were paid in cash, but payments for the corresponding payroll deductions have not yet been made and employer taxes have not yet been recorded. b. Collected rent revenue of $5,250 on December 10 for office space that Lakeview rented to another business. The rent collected was for 30 days from December 12 to January 10 and was credited in full to Deferred Revenue. Required: 1. & 2. Prepare the journal entries to record payroll on December 31, the collection of rent on December 10 and adjusting journal entry on December 31. 3. Show how any of the liabilities related to these items should be reported on the company's balance sheet at December 31. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 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 Prepare the journal entries to record payroll on December 31, the collection of rent on Decemb December 31. (Do not round intermediate calculations. If no entry is required for a transaction in the first account field.) View transaction list Record the wages expense, including payroll deductions. Record the payroll tax expense. 3 Record the collection of 30 days' rent in advance amounting to $5,250. 4 Record the adjusting entry relating to rent. Credit 4,000 1,500 3,000 31,500 Note : = journal entry has been entered Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 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 $ 0 Req 1 and 2 Req3 Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. Apr. 30 Received $675,000 from Commerce Bank after signing a 12-month, 5 percent, promissory note. June 6 Purchased merchandise on account at a cost of $80,000. (Assume a perpetual inventory system.) July 15 Paid for the June 6 purchase. Aug. 31 Signed a contract to provide security service to a small apartment complex starting in September, and collected six months' fees in advance amounting to $27,000. Dec. 31 Determined salary and wages of $45,000 were earned but not yet paid as of December 31 (ignore payroll taxes). Dec. 31 Adjusted the accounts at year-end, relating to interest. Dec. 31 Adjusted the accounts at year-end, relating to security service. Required: 1. & 2. Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31. 3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. Complete this question by entering your answers in the tabs below. 2 Record the purchase of inventory worth $80,000 on account. 3 Record the payment for inventory in full. Record the collection of six month's security service fees in advance amounting to $27,000. 5 Record the wages earned, but not yet paid as of December 31. 6 Record the adjusting entry relating to interest. Record the adjusting entry relating to security service fees. Req 1 and 2 Req3 Show how all of the liabilities arising from these items are reported or intermediate calculations.) JACK HAMMER COMPANY Balance Sheet (partial) At December 31 Current Liabilities Notes Payable (short-term) Salaries and Wages Payable Interest Payable $ 675,000 45,000 9,000 Total Current Liabilities $ 729,000 On January 1, 2018, Loop Raceway issued 660 bonds, each with a face value of $1,000, a stated interest rate of 5 percent paid annually on December 31, and a maturity date of December 31, 2020. On the issue date, the market interest rate was 6 percent, so the total proceeds from the bond issue were $642,345. Loop uses the straight-line bond amortization method and adjusts for any rounding errors when recording interest in the final year. Required: 1. Prepare a bond amortization schedule. 2-5. Prepare the journal entries to record the bond issue, the interest payments on December 31, 2018 and 2019, the interest and face value payment on December 31, 2020 and the bond retirement. Assume the bonds are retired on January 1, 2020, at a price of 98. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 5 Prepare a bond amortization schedule. Changes During the Period Ending Bond Liability Balances Period Ended Cash Paid Discount Amortized Interest Expense Bonds Payable Discount on Bonds Payable Carrying Value 01/01/18 12/31/18 12/31/19 12/31/20 1 Record the issuance of 660 bonds at face value of $1,000 each for $642,345. 42,3 2 Record the interest payment on December 31, 2018. 3 Record the interest payment on December 31, 2019. 4 Record the interest and face value payment on December 31, 2020. 5 Record the retirement of the bonds at a quoted price of 98, assuming the bonds are retired on January 1, 2020. Note : = journal entry has been entered The balance sheet for Shaver Corporation reported the following: cash, $7,500; short-term investments, $12,500; net accounts receivable, $40,000; inventories, $45,000; prepaids, $12,500; equipment, $120,000; current liabilities, $45,000; notes payable (long- term), $75,000; total stockholders' equity, $117,500; net income, $3,820; interest expense, $5,400; income before income taxes, $6,780. 1. Compute Shaver's debt-to-assets ratio and times interest earned ratio. (Round your answers to 2 decimal places.) Ratio Debt-to-Assets Times Interest Earned 2.26