PB10-3 (Algo) Recording and Reporting Current Liabilities [LO 10-2] Sandler 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 ($310,000), payroll deductions for income tax ($33,000), payroll deductions for FICA ($25,000), payroll deductions for United Way ($4,500), employer contributions for FICA (matching), and state and federal unemployment taxes ($2,500). Employees were paid in cash, but payments for the corresponding payroll deductions have not been made and employer taxes have not yet been recorded. b. Collected rent revenue of $1,650 on December 10 for office space that Sandler 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 entries required on December 31 to record payroll, the collection of rent on December 10 and adjusting journal entry on December 31. 3. Show how any liabilities related to these items should be reported on the company's balance sheet at December 31. Journal entry worksheet < 1 -2 3 Record the wages expense, including payroll deductions. Note: Enter debits before credits. Date December 31 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet < 1 -2 3 4 Record the payroll tax expense. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 2 3 Record the collection of 30 days' rent in advance amounting to $1,650. Note: Enter debits before credits. Date December 10 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet < 1 2 3 4 Record the adjusting entry relating to rent. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal Show how any liabilities related to these items should be reported on the round intermediate calculations.) SANDLER COMPANY Balance Sheet (partial) < Req 1 and 2 Re