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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
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 debit or credit balances and the dollars are rounded to the nearest million. $ $ 15 5 43 42 490 32 10 56 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 40 69 76 422 200 80 236 30 1 1,063 52 399 86 42 12 15 99 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 81 57 70 1,792 ? 260 12 609 14 Required: 1. Prepare an adjusted trial balance. (Enter your answers in millions.) Total Asset Turnover Choose Numerator: = Total Asset Turnover Sales 1 Choose Denominator: | Average total assets / Total asset turnover = 0
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