Problems/Exercises in Worksheet Preparation
I. The unadjusted trial balance of Pacific Cruise Hotel is shown below. The account are adjusted and
closed each month.
Pacific Cruise Hotel
March 31, 2006
Solve the Problem and give what is asked for.
1. Listed below are selected items from the financial statements of A & D Pumps
Manufacturing Company for the year ended December 31, 2006:
Note payable to China bank P 1,000,000
Discount on note paya