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.

Assets Liabilities

Non Current Assets Net Equity

Intangible fixed assets: Equity Capital:

Industrial Propriety 40.500 Capital Social 3.000.000

Cumulative depreciation II -5.000 Legal reserve 348.180

Profit & Loss 158.810

Tangible fixed assets:

Constructions 3.900.000

ICT Equipment. 9.000 Non - Current Liability

Furniture 70.000 Long-term

Transport 35.000 debts

Cumulative depreciation IM -122.000 Long-term debt to institutions. 710.000

Current Asset Current Liability

Short-term

Stock: debts

Goods 62.000 Short -term debts to institutions 38.000

Impairment loses -1.150 Suppliers 200.000

Creditors 3.560

Debtors:

Clients 236.200

Short-Term investments

Short-term investments (shares) 9.000

Liquidity:

Banks 225.000

TOTAL ASSETS 4.458.550 TOTAL LIABILITIES 4.458.550