Lakeview Company completed the following two transactions. The annual accounting period ends December 31. On December 21 calculated the payroll which indicates grass earnings for wages (S68.000) payroll deductions for income tax ($5,800). payroll deductions for FICA ($5,100), payroll deductions for American Cancer Society ($2.550), employer contributions for FICA matching, and state and frderal unemployment taxrs ($595) 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 85.775 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 abilities 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. Rey 1 and 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. Do not round Intermediate calculations. If no antry is required for a transaction/avant, salact"No Journal Entry Required in the first account field.) View a ll Journal entry worksheet Journal entry worksheet Record the wages expense, including payroll deductions. Racord the payroll tax expense. Note: er han medte. Note: Enter debit before rest Generalloumal Debit Credit General Journal Debit Credit Date Dec 31 Date Dec 31 Record entry Clear entry View general journal Record entry Clear entry Vi general cual Journal entry worksheet Journal entry worksheet Record the collection of 30 days' rent in advance amounting to $5,775 Record the adjusting entry relating to rent. Note: Enter debits before credits. Note: ter at have prerit. General Joumal Debit Credit GANATA. Jumal Dahit Credit Date Dec 10 Data Dec 31 Hecord entry Les entry Vw general Record entry Clear entry View general journal Rent and Red 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