Campbell Soup Company is a manufacturer and marketer of branded food and beverages including familiar products such as Campbell’s soups, Swanson broths, Prego pasta sauce, V8 juices, and Pepperidge Farm baked goods. The following information is from a recent annual report (in millions of dollars):

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

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Accrued Income Taxes Payable 15 Beg. bal. (a) ? 174 (b) 24 End. bal. (c) Accrued Compensation and Benefits Payable 234 ? 429 (d) 252 Beg. bal. End. bal. (e) Accrued Interest Payable 363 97 Beg. bal. ? (0) 79 End. bal.