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 lawn 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 was from a recent annual report (in millions of dollars):

Required: 1. Identify the nature of each of the transactions

(a) through (/). Specifically, what activities cause the accounts to increase and decrease? 2. For transactions (a), (), and (/). compute the amount.

Transcribed Image Text:

Interest Payable (a) Income Taxes Payable Beg. bal. 71 ? (b) 332 End. bal. 80 Dividends Payable Beg. bal. 45 Beg. bal. 43 (e) 297 (f) ? (c) ? (d) 176 End. bal. 51 End. bal. 48 =