Gannett Co., Inc., states in a recent annual report that it is “an innovative, digitally focused media and marketing solutions company committed to fostering the communities in our network and helping them build relationships with their local businesses.” Gannett owns media assets including “USA TODAY, local media organizations in 46 states in the United States and Guam, and Newsquest” (in the United Kingdom with over 140 local media brands). Gannett also owns digital marketing services companies ReachLocal, UpCurve, WordStream, and runs the largest U.S. media-owned events business Gatehouse Live. Gannett’s annual report 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.

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1/1 Accounts Receivable 174 1,394 ? 12/31 439 1/1 12/31 Prepaid Expenses 50 1,142 129 ? Unearned Subscriptions Revenue 105 1/1 795 219 12/31 ?