A recent annual report of a leading business and financial news company included the following accounts. Amounts are in millions of dollars.

Required
1. Describe the typical transactions that affect each T- account (i.e., the economic events that occur to make these accounts increase and decrease).
2. Compute the missing amounts for each T- account.

Transcribed Image Text:

Trade Receivables Prepayments Deferred Revenue 313 2,573? 12 25 25 43 ? 26 240 328 253 31/12 295 31/12 31/12