Solution-Prepare an adjusted trial balance

Prepare an adjusted trial balance

Reference no: EM131800769

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.

Accounts Payable	39,057	Intangible assets	82,115
Accounts Receivable	56,092	Interest expense	4,131
Accrued Expenses Payable	58,473	Interest revenue	837
Accumulated Depreciation	337,704	Inventories	27,466
Additional paid-in capital	48,362	Land	32,925
Advertising expense	63,508	Long-term debt	230,946
Buildings and leasehold improvements	203,756	Long-term notes receivable	12,891
Cash	20,212	Other assets	42,575
Common stock	658	Other long-term liabilities	64,738
Cost of sales	732,616	Prepaid expenses and other current assets	36,929
Depreciation expense	40,100	Rent and utilities expense	215,804
Equipment	320,660	Retained earnings	?
General and administrative expenses	148,915	Restaurant and franchise sales revenue	1,599,499
Income tax expense	41,030	Salaries and benefits expense	280,440
Income tax receivable	9,581	Short-term notes receivable	6,151
Income taxes payable	9,718	Unearned revenue	4,482

Required:

1. Prepare an adjusted trial balance.

Reference no: EM131800769

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Prepare an adjusted trial balance

Reference no: EM131800769

Reference no: EM131800769

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