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![PB10-3 Recording and Reporting Current Liabilities [LO 10-2] Sandler Company completed the following two transactions. The annual accounting period ends December 31. a. On December 31, calculated the payroll, which indicates gross earnings for wages ($340,000), payroll deductions for income tax ($36,000), payroll deductions for FICA ($28,000), payroll deductions for United Way ($4,800), employer contributions for FICA (matching) and state and federal unemployment taxes ($2,800). Employees were paid in cash, but payments for the corresponding payroll deductions have not been made and employer taxes have not yet been recorded. b. Collected rent revenue of $1,740 on December 10 for office space that Sandler rented to another business. The rent collected was for 30 days from December 11 to January 10 and was credited in full to Unearned Revenue](https://d2vlcm61l7u1fs.cloudfront.net/media%2Ff6d%2Ff6d45d6f-0ae6-43f7-b045-7d4525b6decf%2FphpHolcYy.png)
PB10-3
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(Answered) : Pb10 3 Recording Reporting Current Liabilities Lo 10 2 Sandler Company Completed Following Q28865941
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