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pls help with both parts. Lakeview Company completed the following two transactions. The annual accounting period ends December 31. a. On December 31, calculated the

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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 ($112,000), payroll deductions for income tax ($11,200), payroll deductions for FICA ($8,400), payroll deductions for American Cancer Society ($4,200), employer contributions for FICA (matching), and state and federal unemployment taxes ($980). 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 $6,600 on December 10 for office space that Lakeview rented to another business. The rent collected was for 30 days from December 12 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. Req 1 and 2 Reg 3 Prepare the journal entries to record payroll on December 31, the collection of rent on December 10 and adjusting journal entry on December 31. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Dec 31 112,000 11,200 Income Tax Payable FICA Payable State and Federal Unemployment Taxes Payable Charitable Contributions Payable Salaries and Wages Payable 8,400 840 87,360 2 Dec 31 Cash 6,600 Deferred Revenue 6,600 3 Dec 10 11,200 8,400 840 Income Tax Payable FICA Payable State and Federal Unemployment Taxes Payable Charitable Contributions Payable FICA Payable Cash 4,200 8,400 33,040 4 Dec 31 3,300 Deferred Revenue Rent Expense 3,300 Req 1 and 2 Req 3 Show how any of the liabilities related to these items should be reported on the company's balance sheet at December 31. (Do not round intermediate calculations.) LAKEVIEW COMPANY Balance Sheet (partial) At December 31 Current Liabilities $ 11,200 8,400 Income Tax Payable FICA Payable State and Federal Unemployment Taxes Payable Charitable Contributions Payable 840 Deferred Revenue 4,200 3,300 8,400 36,340 FICA Payable Total Current Assets $

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