According to an embodiment, a paper feed device includes: a tray that has a support surface on which a sheet is placed and is capable of entering a first state and a second state. The first state is a state for placing the sheet on the support surface. The second state is a state for taking out the sheet from the support surface toward a downstream side in a conveying direction and for putting the sheet in an inclined posture heading upward on the downstream side in the conveying direction than an upstream side in the conveying direction.