Chapter 4, Problem 4.15E

Inferring Transactions

Deere & Company is the world's leading producer of agricultural equipment; a leading supplier of a broad range of industrial equipment for construction, forestry, and public works: a producer and marketer of a broad line of law n and grounds care equipment; and a provider of credit, managed health care plans, and insurance products for businesses and the general public. The following information is from a recent annual report (in millions of dollars):

Income Taxes Payable

Dividends Payable

Interest Payable

(a)

?

8eg. bal. (b)

154 1,424

(c)

?

Beg. bal. (d)

127 634

(e)

759

Beg. bal. (f)

190 ?

End. bal.

166

End. bal.

168

End. bal.

191

Required:

1. 1. Identify the nature of each of the transactions (a) through (f). Specifically, what activities cause the accounts to increase and decrease?
2. 2. For transactions (a), (c). and (f). compute the amount.