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*** On August 1, Year 2. Stokes Company paid Eastport Rentals $31,000 for a 12-month lease on warehouse space Required a. Record the deferral and

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*** On August 1, Year 2. Stokes Company paid Eastport Rentals $31,000 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 equation 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 dollac Enter any decreases to account balances with a minus sign.) STOKES COMPANY Accounting Equation - Year 2 Assets Llabilities Stockholders'Equity Event Cash Prepaid Corunan Retained Rent Earnings Pald 12 months rent Adjustment for 5 months used Red Required B Stock 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 Eastport Rentals round intermediate calculations and round your final answers to nearest whole dollar. Ente with a minus sign.) EASTPORT RENTALS Accounting Equation - Year 2 Assets Liabilities Stockholders' Equity Cash Unearned Common Retained Revenue Stock Earnings + Event + Received 12 months rent Eamed 5 months rent

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