Chapter 2 Assignment O 1 Exercise 2-17A (Algo) Prepaid vs. unearned, the entity concept LO 2-6,2-7 566 On August 1, Year 2, Stokes Company paid Eastport Rentals $39.000 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 Complete this question by entering your answers in the tabs below. Required A Required 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) STOKES COMPANY Accounting Equation-Year 2 Evert Cast Rant Paid 12 months (38,000 Adjustment for 5 mond Liabilities Common Stock Stockholders' Equity Earrings Help Chuck my w 6.66 1 Exercise 2-17A (Algo) Prepaid vs. unearned, the entity concept LO 2-6, 2-7 10 10 On August 1, Year 2, Stokes Company paid Eastport Rentals $39,000 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 Complete this question by entering your answers in the tabs below. Required A Ford Record the deferral and the related December 31, Year 2, adjustment for Eastport Rentals 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 mmus sign) EASTPORT RENTALS Accounting Equation-Year 2 Assets Liabilities Stockholders' Equity Unearned Common Event Received 12 month Cash Revenue Stock Retained Earnings Eamed 5 months Required Ch