On August 1, Year 1, Josh Smith, attorney, accepted a $36,000 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. Complete this question by entering your answers in the tabs below. Required A Required B Record the deferral and the related December 31, Year 1, adjustment for Josh Smith in 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 Stockholders' Equity Event Cash Unearned Common Retained Ravenue Stock Earnings Cash collected S 36,000 36,000+ Revenue eamed + + Requid Required B > On August 1. Year 1, Josh Smith, attorney, accepted a $36,000 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 Complete this question by entering your answers in the tabs below. Required A Required B Record the deferral and the related December 31, Year 1, adjustment for James Company in 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.) JAMES COMPANY - Year 1 Assets Liabilities Stockholders' Equity Event Prepaid Common Retained Cash Legal Fees Stock Eamninga Cash paid (36,000) 36,000 Service used