P4-1 (Algo) Preparing a Trial Balance L04-1 Sam's Pizzeria International Inc. operates and franchises pizza delivery and carryout restaurants worldwide. The following is an alphabetical list of accounts and amounts reported in a recent year's set of financial statements. The accounts have normal debitor credit balances and the dollars are rounded to the nearest million. Accounts payable Accounts receivable Accrued expenses payable Accumulated depreciation Additional paid-in capital Advertising expense Buildings and leasehold improvements Cash Common stock Cost of sales Depreciation expense Equipment General and administrative expenses Income tax expense Income tax receivable Income taxes payable Intangible assets 52 75 88 446 224 92 248 42 1 1,069 64 429 98 54 24 21 117 Interest expense Interest revenue Inventories Land Long-term debt Long-term notes receivable Loss on impairment of assets Other assets Other long-term liabilities Prepaid expenses and other current assets Rent and utilities expense Restaurant and franchise sales revenue Retained earnings Salaries and benefits expense Short-term notes receivable Treasury stock Unearned revenue 21 11 61 54 520 56 22 68 93 75 82 1,804 7 290 24 627 26 Required: 1. Prepare an adjusted trial balance. (Enter your answers in millions.) SAM'S PIZZERIA INTERNATIONAL INC. Adjusted Trial Balance At the End of a Recent Year (in millions of dollars) Debit Credit Required: 1. Prepare an adjusted trial balance. (Enter your answers in millions.) Credit 446,000,000 SAM'S PIZZERIA INTERNATIONAL INC. Adjusted Trial Balance At the End of a Recent Year (in millions of dollars) Debit $ Cash 42,000,000 Equipment 64,000,000 Accumulated depreciation Prepaid rent Insurance expense Accounts payable Sales revenue Additional paid-in capital Wages expense Utilities expense Rent and utilities expense Accounts receivable Wages payable Common stock Sales revenue Depreciation expense 52,000,000 Wages payable Common stock Sales revenue Depreciation expense Total $ $ 106,000,000 498,000,000