On October $1,$ 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.

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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 dollar. Enter any decreases to account balances with a minus sign.$)$

$\backslash$table$[[$STOKES COMPANY$],[$Accounting Equation $-$ Year $2],[,$Assets,$\backslash$table$[[=$