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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 48 Interest expense Accounts receivable Accrued expenses payable Accumulated depreciation Additional paid-in capital 73 Interest revenue 84 438 216 Advertising expense Buildings and leasehold improvements Cash Common stock 88 244 38 1 Other long-term liabilities Cost of sales 1,067 Depreciation expense 60 Inventories Land Long-term debt Long-term notes receivable Loss on impairment of assets Other assets Prepaid expenses and other current assets. Rent and utilities expense. Equipment 419 General and administrative expenses 94 Restaurant and franchise sales revenue Retained earnings Income tax expense 50 Salaries and benefits expense Income tax receivable Income taxes payable Intangible assets 222 20 Short-term notes receivable 19 Treasury stock 111 Unearned revenue required: Prepare an adjusted trial balance. (Enter your answers in millions.) 19 9 55 50 510 48 18 64 89 69 78 1,800 ? 280 20 621 22 SAM'S PIZZERIA INTERNATIONAL INC. Adjusted Trial Balance At the End of a Recent Year (in millions of dollars) Debit Credit
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