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 $ 38,882
Intangible assets $ 82,031
Accounts Receivable 56,057
Interest expense 4,089
Accrued Expenses Payable 58,333
Interest revenue 732
Accumulated Depreciation 337,564
Inventories 27,410
Additional paid-in capital 48,012
Land 32,890
Advertising expense 63,473
Long-term debt 230,561
Buildings and leasehold improvements 203,651
Long-term notes receivable 12,821
Cash 20,142 Other assets 42,540
Common stock 483
Other long-term liabilities 64,213
Cost of sales 732,441
Prepaid expenses and other current assets 36,838
Depreciation expense 39,995
Rent and utilities expense 215,720
Equipment 320,520

Prepare adjusment trial balance

Question

23-03-2020
Business

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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 $ 38,882
Intangible assets $ 82,031
Accounts Receivable 56,057
Interest expense 4,089
Accrued Expenses Payable 58,333
Interest revenue 732
Accumulated Depreciation 337,564
Inventories 27,410
Additional paid-in capital 48,012
Land 32,890
Advertising expense 63,473
Long-term debt 230,561
Buildings and leasehold improvements 203,651
Long-term notes receivable 12,821
Cash 20,142 Other assets 42,540
Common stock 483
Other long-term liabilities 64,213
Cost of sales 732,441
Prepaid expenses and other current assets 36,838
Depreciation expense 39,995
Rent and utilities expense 215,720
Equipment 320,520

Prepare adjusment trial balance

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tanseershar tanseershar · Answer 1 · 2020-03-26T03:50:00+01:00

Answer:

The Adjusted trial balance is

Explanation: Amount in $

Dr. Cr.

Accounts Payable 38,882

Intangible Assets 82,031

Accounts Receivable 56,057

Interest Expense 4,089

Accrued Expense Payable 58,333

Interest Revenue 732

Accumulated Deprecation 337,564

Inventories 27,410

Capital 48,012

Land 32,890

Advertising Expense 63,473

Long Term Debt 230,561

Buildings & Leasehold 203,651

Long Term Note Receivable 12,821

Cash 20,142

Other Assets 42,540

Common Stock 483

Other Long Term Liabilities 64,213

Capital & Retained Earning 418,279

Prepaid and Other Current assets 36,838

Depreciation Expense 39,995

Rent and Utilities Expense 215,720

Equipment 320,520

Total 1,158,177 1,158,177

Note: In absence of sales revenue, other expenses and paid up capital data which is missing in question, the capital and retained earnings are taken as balancing figure