Homework 2.2 5 2 Chogy Search On May 1, Year 1, Josh Smith, attorney, accepted a $37,000 cash advance from his client, James Company, for services to be performed over the next twelve months. Required a. Record the deferral and the related December 31, Year 1, adjustment for Josh Smith in an accounting equation. b. Record the deferral and the related December 31, Year 1, adjustment for James Company in an accounting equation. look Complete this question by entering your answers in the tabs below. 01 Prin Required A Required B Record the deferral and the related December 31, Year 1, adjustment for Josh Smith is an accounting equation. (Do not round intermediate calculations, Enter any decreases to account balances with a minus sign. Round your final answers to the nearest whole number. Not all cells require entry.) JOSH SMITH, ATTORNEY-Year 1 Assets Liabilities Blockholders' Equity Event Unearned Cash Revenue Common Stock Retained Earnings Cash collected Revenue eamed 37,000 37,000 Required> n 2 of 3 Next > Help Save & Ext Submit Check my work