wonment1 Hete Save Submit 2 Check my work PA10-3 Recording and Reporting Current Liabilities (LO 10-21 Lakeview Company completed the following two transactions. The annual accounting penod ends December 31 10 points ook 3. On December 31, calculated the payroll, which indicates gross earnings for wages ($68.0001, payroll deductions for income tox ($6,800), payroll deductions for FICA (55,100), payroll deductions for American Cancer Society ($2,550), employer contributions for FICA matching, and state and federal unemployment taxes (5595). Employees were paid in cath, but payments for the corresponding payroll deductions have not yet been made and employer tanes have not yet been recorded b. Collected ront revenue of $5.775 on December 10 for office space that Lakeview rented to another business. The rent collected was for 30 days from December 12 to January to and was credked in full to Deferred Revenue Reference Required: 1.8 2. Prepare the journal entries to record payroll on December 31, the collection of rent on December to and adjusting journal entry on December 31 3. Show how any of the liabilities related to these tems should be reported on the company's balance sheet at December 31 Complete this question by entering your answers in the tab below. Reg 1 and 2 ile Prepare the journal entries to record payroll on December 31, the collection of rent on December 10 and just journal entry on December 31. Do not round intermediate calculations of ra entry is required for a transaction/event, Mlect No Soumal Entry in the first account feld) View transaction lit 2 Reg 1 and 2 Req3 10 points 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 Requir in the first account feld.) View transaction list eBook Journal entry worksheet Print 1 2 > References Record the wages expense, including payroll deductions Note: Enter debits before credits General Journal Debit Credit Date Dec 31 View general Journal Clear entry Record entry