BACKGROUND

We are providing you with the balance sheet of a Spanish company at the end of the year. The company carried out its accounting according to the PGC 2007. You have to analyse each of the items and specify which group of the Chart of Accounts they belong to and the specific coding that corresponds to it according to the Chart of Accounts of the General Accounting Plan to each entry.

Once all the accounts have been coded, create the closing entry for the company.

( NOTE- Please note that the balance sheet listed below was in 2 columns, but when I copied it , it shows all the assets 1st then shows all the liabilities. I need all the accounts coded based on PGC 2007 and then closing entries created from this balance sheet. THANK YOU )

ASSETS

ASSETS

Non-current assets

Intangible fixed assets:

Industrial Propriety

40.500

Cumulative depreciation II

-5.000

Tangible fixed assets:

Constructions

3.900.000

ICT Equipment.

9.000

Furniture

70.000

Transport

35.000

Cumulative depreciation IM

-122.000

Current Asset

Stock:

Goods

62.000

Impairment loses

-1.150

Debtors:

Clients

236.200

Short-Term investments

Short-term investments (shares)

9.000

Liquidity:

Banks

225.000

TOTAL ASSETS

4.458.550

LIABILITIES

Net equity

Equity capital:

Capital Social

3.000.000

Legal reserve

348.180

Profit and Loss

158.810

Non-current liability

Long-term debts

Long-term debt to institutions.

710.000

Current liability

Short-term debts

Short-term debts to institutions.

38.000

Suppliers

200.000

Creditors

3.560

TOTAL LIABILITIES

4.458.550