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P4-1 (Algo) Preparing a Trial Balance LO4-1 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 LO4-1 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. Accounts payable 68 Interest expense Accounts receivable 83 Accrued expenses payable 104 Accumulated depreciation 478 Land Additional paid-in capital 256 Interest revenue Inventories Long-term debt Advertising expense 108 Long-term notes receivable Buildings and leasehold improvements 264 Loss on impairment of assets Cash 58 Other assets Common stock 1 Other long-term liabilities Cost of sales 1,077 Depreciation expense 80 Prepaid expenses and other current assets Rent and utilities expense Equipment 469 Restaurant and franchise sales revenue General and administrative expenses 114 Retained earnings Income tax expense 70 Salaries and benefits expense Income tax receivable 40 Short-term notes receivable Income taxes payable 29 Treasury stock Intangible assets 141 Unearned revenue Required: 1. Prepare an adjusted trial balance. (Enter your answers in millions.) 29 19 85 70 560 88 38 84 109 99 98 1,820 ? 330 40 651 42 SAM'S PIZZERIA INTERNATIONAL INC. Adjusted Trial Balance At the End of a Recent Year (in millions of dollars) Debit Credit Total
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