Sandler Company completed the following two transactions. The
annual accounting period ends December On December calculated the payroll, which indicates gross
earnings for wages $ payroll deductions for income tax
$ payroll deductions for FICA $ payroll
deductions for United Way $ employer contributions for FICA
matching and state and federal unemployment taxes $
Employees were paid in cash, but payments for the corresponding
payroll deductions have not been made and employer taxes have not
yet been recorded Collected rent revenue of $ on December for office
space that Sandler rented to another business. The rent collected
was for days from December to January and was credited in
full to Unearned Revenue.Prepare the entries required on
December to record payroll.Prepare the journal entry for the
collection of rent on December Prepare the adjusting journal
entry on December Show how any liabilities related
to these items should be reported on the companys balance sheet at
December
