On October 1, Year 1, Josh Smith, attorney, accepted an $35,000 cash advance from his client, James Company, for services to be performed over the next six months. Required: a. Record the deferral and the related December 3t, Year T, adjustment for Josh Smith in an accounting equation. Note: Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. b. Record the deferral and the related December 31, Year 1, adjustment for James Company in an accounting equation. Note: Do not round intermediate calculations. Enter any decreases to account balances with a minus sign