These are the accounts of the Financial Statements of your company, alphabetically organized, at December of last year. Please draw up t

Exercise no. 3 / COMFOE

SUBJECT: Economic and Financial Management

AIMS

Financial Statements: understanding and organization

DESCRIPTION OF THE ACTIVITY

These are the accounts of the Financial Statements of your company, alphabetically organized, at December of last year.

Please draw up the Balance sheet and Income Statement formally organized and understand the meaning of every account.

PL E	Amortization of intangible assets	360		CA	Receivables	16.200
CA	Banks	26.300		NET	Reserves	10.000
NCA	Buildings	31.800		PL E	Salaries and wages	10.720
PL ?	Changes in inventory (+)	10.200		PL R	Sales	125.000
PL E	Depreciation on PPE	570		NET	Share capital	35.000
PL	Income from debt securities	3.500		PL	Social Security contributions by the co.	3.200
PL	Independent professional services	1.000		CL	Social Security payables	2.250
PL	Interests on loans	4.000		CL	ST debts with financial institutions	40.700
NCA	Land	60.000		CL	Suppliers	31.000
CA	Merchandises	38.000		CL	ST debts with suppliers of fixed assets	35.000
PL E?	Merchandises purchased	85.750		CL	Tax office payables	11.500
PPE-NCA	Motor vehicles	23.000		PL	Transport	600
CL	Payables for the rendering of services	7.500		PL	Utilities	150
				PL	Corporate taxes	10.000