P$4-1($Algo$)$ Preparing a Trial Balance LO$4-1$

Papa John's International Incorporated 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 $ $46$ Interest expense $ $18$

Accounts receivable $72$ Interest revenue $8$

Accrued expenses payable $82$ Inventories $52$

Accumulated depreciation $434$ Land $48$

Additional paid$-$in capital $212$ Lease right$-$of$-$use assets $172$

Advertising expense $86$ Long$-$term debt $505$

Buildings and leasehold improvements $242$ Long$-$term lease liabilities $140$

Cash $36$ Long$-$term notes receivable $44$

Common stock $1$ Loss on impairment of assets $16$

Cost of sales $1,066$ Other assets $62$

Current lease liabilities $32$ Other long$-$term liabilities $87$

Depreciation expense $58$ Prepaid expenses and other current assets $66$

Equipment $414$ Rent and utilities expense $76$

General and administrative expenses $92$ Restaurant and franchise sales revenue $1,798$

Income tax expense $48$ Retained earnings $?$

Income tax receivable $18$ Salaries and benefits expense $275$

Income taxes payable $18$ Short$-$term notes receivable $18$

Intangible assets $108$ Treasury stock $618$

Unearned revenue $20$

Required:

$1.$ Prepare an adjusted trial balance.

Note: Enter your answers in millions.