On October 1, Year 2, Stokes Company paid Eastport Rentals $4,800 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.

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.

answer; /// blank(1); increases; blank(2); decreases;

answer; exemplars;

answerthe above statement is false;