Inferring Transactions and Computing Effects Using T-Accounts
A recent annual report of The New York Times Company, a diversified media company that currently includes newspapers (including The New York Times), Internet businesses, and television and radio stations, 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 missingamounts.

Prepaid Expenses Unearned Subscriptions 1/1 Accounts Receivable 438 2,949 12/31 1/1 1/1 90 313 126 81 151 404 12/31 12/31 84