The following information applies to the questions clayed below! During its first year of operations, Wort Company completed the following two transactions. The annual accounting period ends December Pald and recorded wages of $130,000 during Year however at the end of Year 1. three days wages are unpaid and have not yet been recorded because the weekly neyta will not be paid to employees in January 6 of Year 2 Wages for the three days are $4,000. b. Collected rent revenue on December 12 of Year 1 of $2.400 for office space that Walnut rented to another company. The rent collected was for 30 days from December 12 otto January to of Year 2 10.00 points cared intomation Required: 1. With respect to wagen, provide the adjusting entry required at the end of Year 1 and the joumal entry required on January 6 of Year 2.0t no entry is required for a transaction event, select "No journal entry required in the first account field) View transactions Journal entry worksheet > Record the adjusting entry related to wages. Notar det bare et Date General Journal Credit Debil December 21 10.00 points 2. With respect to rent revenue, provide the journal entry for the collection of rent on December 12 and the adjusting entry required on December 31. (if no entry is require journal entry required in the first account field.) View transaction list Journal entry worksheet 1 2 > Record the collection of rent on December 12. Note: Enter debits before credits. General Journal Debit Credit Date December 12 value: 10.00 points 3. Show how any liabilities related to these transactions should be reported on the company's balance sheet at December 31, Year 1 WALNUT COMPANY Balance Sheet (Partial) As of December 31 Current liabilities: Total