McCormick and Company, Incorporated reported the following in its 2014 Annual Report:

Analyze:
1. Based on the information presented above, which categories might require adjusting entries at the end of an operating period?
2. List the potential adjusting entries. Disregard dollar amounts.
3. By what percentage did McCormick's cash and cash equivalents increase from 2013 to 2014?

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Consolidated Balance Sheet 2014 2013 at November 30 (mlilions) Assets Cash and cash equivalents Trade accounts recelvable, less allowances $77.3$ 63.0 495.5 676.9 134.8 1.370.2 576.6 493.6 713.8 31.5 Prepald expenses and other current assets 1,416.2 Total current assets Property, plant, and equipment, net