2 parts A and B

On May 1. Year 2, Stokes Company paid Eastport Rentals $33,000 for a 12-month lease on warehouse space. Required a. Record the deferral and the related December 31, Year 2, adjustment for Stokes Company in the accounting equatior b. Record the deferral and the related December 31, Year 2, adjustment for Eastport Rentals in the accounting equation ***** Complete this question by entering your answers in the tabs below. Required A Required B Record the deferral and the related December 31, Year 2, adjustment for Stokes Company in the accounting equation. (Do not round Intermediate calculations and round your final answers to nearest whole dollar. Enter any decreases to account balances with a minus sign.) STOKES COMPANY Accounting Equation - Year 2 Assets Liabilities Stockholders' Equity Event Common Prepaid Cash Retained Rent Stock Earnings Paid 12 months rent Adjustment for 8 months used + EASTPORT RENTALS Accounting Equation - Year 2 Assets Liabilities + Unearned Cash Revenue Event Stockholders' Equity Common Retained + Stock Earnings + II Received 12 months rent Earned 8 months rent + 11 + +