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 ($108,000), payroll deductions for income tax ($10,800), payroll deductions for FICA ($8,100), payroll deductions for American Cancer Society ($4,050), employer contributions for FICA (matching), and state and federal unemployment taxes ($810). 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 $6,525 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 Unearned Rent Revenue.

Show how any liabilities related to these items should be reported on the companys balance sheet at December 31.

LAKEVIEW COMPANY
Balance Sheet (partial)
At December 31
Current Liabilities
Total Current Liabilities	$0