I somehow managed to not understand anything in this problem. please help

Lakeview 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 ($116,000), payroll deductions for income tax ($11,600). payroll deductions for FICA ($8,700), payroll deductions for American Cancer Society ($4,350), employer contributions for FICA (matching), and state and federal unemployment taxes ($1,015). Employees were paid in cash, but payments for the corresponding payroll deductions have not yet been made and employer taxes have not yet been recorded. b. Collected rent revenue of $6,675 on December 10 for office space that Lakeview rented to another business. The rent collected was for 30 days from December 12 to January 10 and was credited in full to Deferred Revenue. Required: 1. & 2. Prepare the journal entries to record payroll on December 31, the collection of rent on December 10 and adjusting journal entry on December 31 3. Show how any of the liabilities related to these items should be reported on the company's balance sheet at December 31. your pre Required: 1. & 2. Prepare the journal entries to record payroll on December 31, the collection of rent on December 10 and adjusting journal entry on December 31. 3. Show how any of the liabilities related to these items should be reported on the company's balance sheet at December 31. ed Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 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 Required in the first account field.) No Date Debit Credit 1 Dec 31 116.000 General Journal Salaries and Wages Expense Withheld Income Taxes Payable FICA Payable Donation Revenue 11,600 8.700 x 4,350 State and Federal Unemployment Taxes Payablo X 1,015 X 2 Dec 31 9.750 X Payroll Tax Expense FICA Payable State and Federal Unemployment Taxes Payable 8,700 1,015 3 Dec 10 Cash 6,675 Rent Ravenue 6,675 4 Dec 31 X 6,675 Rent Revenue Rent Revenue 6,675 Show how any of the liabilities related to these items should be reported on the company's balance sheet at December 31. (Do not round intermediate calculations.) LAKEVIEW COMPANY Balance Sheet (partial) At December 31 Current Llabilities Rent Revenue FICA Payable State and Federal Unemployment Taxes Payable $ v 6,675 X 8,700 x 1,015 x X X x $ 16,390 an