Question 18 CP10-3 Recording and Reporting Current Liabilities [Lo 10-2] IThe following information applies to the questions displayed below] Riverside 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 ($215,000), payroll deductions for income tax ($21,500), payroll deductions for FICA ($27,000), payroll deductions for United Way ($5,400), employer contributions for FICA (matching), and state and federal unemployment taxes ($3,000). Employees were paid in cash, but these payments and the corresponding payroll deductions and employer taxes have not yet been recorded. b. Collected rent revenue of $5,640 on December 10 for office space that Riverside 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. References CP10-3 Recording and Reporting Current Liebilitie Section Break