On November 1, Year 1, Josh Smith, attorney, accepted a $37,000 cash advance from his client, James Company, for services to 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. 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.) On November 1, Year 1, Josh Smith, attorney, accepted a $37,000 cash advance from his client, James Company, for services to 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. 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.)