Answer:
i. December 31, 202x, payroll expenses
Dr Wages expense 92,000
Dr FICA taxes expense 6,900
Dr FUTA and SUTA taxes expense 690
Cr Federal income taxes (withheld) payable 9,200
Cr FICA taxes (withheld) payable 6,900
Cr FICA taxes payable 6,900
Cr FUTA and SUTA taxes payable 690
Cr American Cancer Society contributions payable 3,450
Cr Cash 72,450
ii. December 10, 202x, deferred rental income
Dr Cash 6,225
Cr Deferred rental income 6,225
iii. December 31, 202x, accrued rental income
Dr Deferred rental income 4,150
Cr Rental income 4,150
3. The liabilities should be reported as:
Federal income taxes payable $9,200
FICA taxes payable $13,800
FUTA and SUTA taxes payable $690
American Cancer Society contributions payable $3,450
Deferred rental income $2,075
