- Pyramid Holdings Limited (PHL) is a private storage solutions company based in Winnipeg, Manitoba. PHL's bookkeeper Joan Chen prepared a preliminary trial balance for the 2017 fiscal year but quit before finalizing it. - The replacement bookkeeper is tasked with preparing adjusting entries, a draft statement of financial position, draft income statement, and summarizing the requirements for PHL to go public within the next few years. - There are several accounting issues that need to be addressed based on notes from Joan and the company owner Jim before the auditor's arrival in one week.