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It should be displayed by default when you install WP. If it's been turned off, then you can turn it on by clicking the "SCREEN OPTIONS" tab (top right of the screen) and ticking the box that says...

Another handy feature is to go the Dashboard in the WordPress admin. There will be a widget called Right Now and it will show you how many posts are pending and you can click it and go directly to...

Thanks, I have just logged in and checked under "Posts" and can see all of the ads sitting in there with "Pending" status next to them. I have published a couple of them just to confirm I can see...