The Washington Post Company is best known for publishing The Washington Post but also publishes Newsweek magazine and owns Kaplan, Inc. (admissions test preparation services among other services) and various television stations and community newspapers. A recent annual report included the following accounts. Dollars are in millions.

Required:
1. For each T-account, describe the typical transactions that cause it to increase and decrease.
2. Solve for the missing amounts (in millions). (Hint: Express each T-account in equation format: Beginning + Increase Side − Decrease Side = Ending.)

Transcribed Image Text:

+Dr Supplies (A) Cr -Dr Unearned Revenue (L) Cr+ - +Dr Accounts Receivable (A) Cr - 439 2,643 15 399 2,805 | 423 342 ? 12/31 12/31 20 12/31