On October 1, Year 1, Josh Smith, ottomey, accepted an $37,000 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 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.) Event JOSH SMITH ATTORNEY-YEAR 1 Assets Llabilities + Uneamed Cash Revenue Stockholders' Equity Common Retained Stock Earnings Cash collected Revenue earned 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.) JAMES COMPANY - YEAR 1 Assets Llabilities Prepaid Legal Fees Event Stockholders' Equity Common Retained Stock Earnings Cash Cash paid Service used Prey 4 of 5 Next >