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Lakevew Company completed the following two transactions. The annusi accounting period ends December 3 1 a . On December 3 1 , calculated the payroll,

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Lakevew Company completed the following two transactions. The annusi accounting period ends December 31
a. On December 31, calculated the payroll, which indicates gross eamings for wages ( $112,0,0, payroll deductions for income tax payroll deductions for FICA. $8,400), payroll deductions for Amentan Cancer Soclety ( $4,200), employer contributions for FICA (matchingl. and state and federal unempioyment taxes $9801. Employees were paid in cash, but payments for the carresponding payroll deductions have not yet been made and employer taxes have not yet been recorded
b. Collected rent revenue of $6.600 on December 10 for office space that Lakevew rented to another business. The rent collected was for 30 days from December 11 to Jariuary 10 and was credited in full to Deferred Revenue.
Required:
&2. Prepare the joumal entres to record payroll on December 31 the collection of rent on Decamber 10 and adjustingjournal entry on December 31
Show how any of the llabintes related to theseltems should be reponted on the company's balance sheet at December 31.
Complete this question by entering your answers in the tabs below.
Req 1 and 2
Rrepare the joumbl entrles to racord psypall on Qacembar 31, the collation of rent on December 10 and adjusting joumal entry on December 31(Do nat round intarmediate calculations. If no entry is requiked for a transaction/event, select "No Journal Entry Required in the first accourit field.)
Journal entry worksheet
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Record the wages expense, including payroll deductions.
Note: Enterdebits before credits,
\table[[Drte,General Journal,Debit,Credit],[December 3,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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