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Question 1 (of z 300 points PB10-3 Recording and Reporting Current Liabilities LO 10-2) Sander Company completed the following two transactions. The annual accounting period

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Question 1 (of z 300 points PB10-3 Recording and Reporting Current Liabilities LO 10-2) Sander Company completed the following two transactions. The annual accounting period ends December a. On December 31, calculated the payroll, which indicates gross earnings for wages ($300,000) payroll deductions for income tax ($32.000) payroll deductions for FICA (S24,000) payroll deductions for United Way OS4,400) employer contributions for FICA (matching) and state and federal unemployment taxes OS2.400) Employees were paid in cash, but payments for the comesponding payroll deductions have not been made and employ have not yet been recorded. 0 for office space that Sander rented to Collected rent revenue of $1.620 on December business. The rent collected was for 30 days from December 11 to January 10 and was credited in full to Unearned Revenue. Required 1. & 2. Complete the required journal entries for the above transactions as shown below 0) Prepare the entries required on December 31 to record payroll. Prepare the journal entry for the collection of rent on December 10. (i)Prepare the adusting journal entry on December (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) view transaction list view general journal Journal Entry Worksheet Record the wages expense, including payrol Debit credit December 3 Enter debits before credits clear entry record

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