1. Background Information: On October 1, 2017 Mickey Company paid Donald Rentals $5,800 for a 12 month warehouse lease, please assist on how to break down properly?

Background Information: On October 1, 2017 Mickey Company paid Donald Rentals $5,800 for a 12 month warehouse lease a) Record the deferral and related December 31,2017 adjustment for December 31,2018 for Mickey Company Mickey Company Accounting Equation Event Assets Liabilities Stockholders Equity Cash Prepaid Rent = + Common Stock+ Retained Earnings b) Record the deferral and related December 31,2017 adjustment for Donald Rentals Mickey Company Accounting Equation Event Assets Liabilities Stockholders Equity Cash = Unearned Revenue + Common Stock+ Retained Earnings