Oceanside 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 ($165,000), payroll deductions for income tax ($16,500), payroll deductions for CP ($13,500) and El ($9,500), payroll deductions for Canadian Cancer Society ($11,500), and employer contributions for CP (matching) and El ($13,300). 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 $11,100 on December 10 for office space that Oceanside rented to another business. Rent collected was for thirty days from December 11 to January 10 and was credited in full to Deferred Revenue.

Required:

1. Prepare the journal entries to record payroll on December 31.

a) Record the wages expense, including payroll deductions.

b) Record the payroll tax expense.

2- Prepare the journal entry for the collection of rent on December 10. Record the collection of 30 days' rent in advance amounting to $11,100.

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