Lakeview Company completed the following two transactions. The annual accounting period ends December $31.$

On December $31,$ calculated the payroll, which indicates gross earnings for wages $($$$100,000),$ payroll deductions for income tax $($$$10,000),$ payroll deductions for FICA $($$$7,500),$ payroll deductions for American Cancer Society $($$$3,750),$ employer contributions for FICA $($matching$),$ and state and federal unemployment taxes $($$$875).$ 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.

Collected rent revenue of $$6,375$ on December $10$ for office space that Lakeview rented to another business. The rent collected was for $30$ days from December $11$ 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 $31.$