Inferring Transactions Deere & Company is the worlds leading producer of agricultural equipment; a leading supplier of

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

Income Taxes Payable Beg. bal. 135 Dividends Payable Beg. bal. 110 456 Interest Payable Beg. bal. 140 ? (b) (c) ? (d) En

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 (f), compute theamount.

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