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 woges $($$$105,000),$ payrol deductions for income tax $($$$10,500),$ payol b$.$ Collected rent revenue of $$7,500$ on December $10$ for affice space that Lakeview rented thirty days fram December $11$ to January $10$ and was credited in full to Deferred Revenue.

Required:

Prepare the journal entries to recoed payrol on December $3$t$.($If no entry is required for a transaction$/$event$,$ select $"$No Journal entry required" in the first account feldt$)$ entry required" in the first account field.$)$

$2-$a$.$ Prepare the journal entry for the collection of rent an December $10.($If no entry is requlred for a transaction$/$event$,$ select $"$No journal entry required $"$ in the first account field.$)$

$2.$b$.$ Prepare the adjusting journal entry on December $3$t$.($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Shaw how any liabilities related to these items should be reported on the company's balance sheet at December $31.$

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