On May 1, Year 2, Stokes Company paid Eastport Rentals $37,000 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 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 Paid 12 months rent Cash Prepaid Rent + Common Stock Retained Earnings (37,000) 37,000= 01+ 0+ 0 Adjustment for 8 months used 0 0+ 0+ Required A Required B > On May 1, Year 2, Stokes Company paid Eastport Rentals $37,000 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 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 Paid 12 months rent Cash Prepaid Rent + Common Stock Retained Earnings (37,000) 37,000= 01+ 0+ 0 Adjustment for 8 months used 0 0+ 0+ Required A Required B >