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
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