On September 1, 2018, Stokes Company paid Eastport Rentals $37,000 for a 12-month lease on...
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Accounting
On September 1, 2018, Stokes Company paid Eastport Rentals $37,000 for a 12-month lease on warehouse space.
Required
Record the deferral and the related December 31, 2018, adjustment for Stokes Company in the accounting equation.
Record the deferral and the related December 31, 2018, adjustment for Eastport Rentals in the accounting equation.
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