View Policies Current Attempt in Progress In 2022. Windsor Ltd. received a grant for 2.08 million to defray the cost of purchasing research equipment for its manufacturing facility. The total cost of the equipment is 104 million Prepare the journal entry to record this transaction if Windsor uses (a) the deferred revenue approach, and (b) the reduction of asset approach. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Enter amounts in full not rounded to millions) Debit Credit No. Account Titles and Explanation (a) Cash Deferred Grant Revenue (b) Equipment e Textbook and Media