Papa John's 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.

 

PAPA JOHN's INTERNATIONAL INC. Adjusted Trial Balance At the End of a Recent Year (in millions of dollars) Debit Credit Cash $22 Short-term notes receivables 4 Accounts receivable 65 Inventories 31 Income tax receivable 4 Prepaid expenses and other current assets 45 Land 34 Buildings and leasehold improvements 228 379 Equipment Accumulated depreciation 406 Long-term notes receivable Intangible assets Other assets 16 87 48 Accounts payable Accrued expenses payable 32 68 Unearned revenue Income taxes payable 11 Other long-term liabilities 73 Common stock 1 Additional paid-in capital Retained earnings 184 Restaurant and franchise sales revenue 1,784 Cost of sales 1,059 Salaries and benefits expenses Rent and utilities expense 240 62 Advertising expense General and administrative expense 72 78 Deprec on expense 44 Interest revenue 1 Interest expense 11 Income tax expense 34 Long-term debt 470 Totals $2,563 $3,036