Inferring Transactions and Computing Effects Using T-AccountsA recent annual report of The...

Inferring Transactions and Computing Effects Using T-Accounts

A recent annual report of The New York Times Company, a diversified media company that currently includes newspapers (including The New York Times), Internet businesses, and television and radio stations, included the following accounts. Dollars are in millions:

Required:

1. For each T-account. describe the typical transactions that affect each account (that is. the economic events that occur to make these accounts increase and decrease).

2. For each T-account. compute the missing amounts.