Idioma/Language

Castellano 2

Castellano English
Company name Mariña Mariña
Accounting year 2020 2020
Closing date 31 de diciembre de 2020December 31, 2020
Idioma elegido
Mariña
2020
December 31, 2020
Mariña S.A.

Mariña is a company that sells diving suits. This is the trial Balance for Mariña S.A. at the end of 2019:

Trial balance at December 31, 2019

Account Dr. Balance
Cash 28,000
Buildings 12,000
Bank loan
Contributed capital
Totals 40,000

The following transactions took place in 2020:

In 2020 Mariña buys on account 200 diving suits from a German supplier. Unit
1 cost: €300. When Mariña receives the merchandise, it pays €600 for the
shipping and €400 for the shipping insurance.
In 2020 Mariña sells 150 diving suits for €95,000. Customers pay €80,000 and
2 the remaining balance will be paid in three months. Transport cost are borne
by Mariña, amount to €600 and are paid in cash.
at the end of 2019:

Cr. Balance

15,000
25,000
40,000
 Mariña
Journal 2020

Nº Code Account Debit Credit

242,350 242,350
0 570 Dr. Cash (A+) 28,000
211 Dr. Buildings (A+) 12,000
520 Cr. Short-term bank debt (L+) 15,000
100 Cr. Share capital (OE+) 25,000
1 300 Dr. Merchandise (A+) 61,000
400 Cr. Accounts payable (L+) 60,000
570 Cr. Cash (A-) 1,000
2a 570 Dr. Cash (A+) 80,000
430 Dr. Accounts receivable (A+) 15,000
700 Cr. Sales revenue (R, OE+) 95,000
2b 624 Dr. Transport expense (E, OE-) 600
570 Cr. Cash (A-) 600
3 600 Dr. Cost of goods sold (E, OE-) 45,750
300 Cr. Merchandise (A-) 45,750
#N/A
Check
Chart of Accounts
Code English
100 Share capital
129 Profit/loss for the period
171 Long-term bank loan
210 Land
211 Buildings
212 Technical installations
213 Machinery
214 Equipment
216 Furniture
217 Information technology equipment
218 Motor vehicles
300 Merchandise
321 Fuel
328 Office supplies inventory
400 Accounts payable
407 Advances to suppliers
430 Accounts receivable
438 Advances from customers
460 Advances to employees
465 Salaries payable
480 Prepaid expenses
4801 Prepaid rent
4802 Prepaid insurance
485 Unearned revenue
520 Short-term bank debt
527 Interests payable
541 Short-term investments
547 Interests receivable
570 Cash
572 Bank account
600 Cost of goods sold
610 Change in merchandise inventory
621 Rent expense
622 Repairs and maintenance expense
624 Transport expense
625 Insurance expense
626 Banking and similar services
627 Advertising expense
628 Utilities expense
629 Supplies expense
630 Income taxes expense
640 Salaries expense
642 Employer social security tax expense
662 Interest expense
671 Losses from disposal of property, plant and equipment
680 Amortization expense
681 Depreciation expense
700 Sales revenue
701 Revenue from services
706 Sales discounts
708 Sales returns and allowances
709 Volume discounts
761 Interest income
Mariña
General Ledger 2020

Account Nº Debit Credit Debit balance Credit balance

Share capital 0 25,000 25,000
Buildings 0 12,000 12,000
Merchandise 1 61,000 61,000
#N/A 2b 0 0
Accounts payable 1 60,000 60,000
Accounts receivable 2a 15,000 15,000
Short-term bank debt 0 15,000 15,000
Cash 0 28,000 28,000
1 1,000 27,000
2a 80,000 107,000
Transport expense 2b 600 600
Sales revenue 2a 95,000 95,000
Mariña
Trial balance at December 31, 2020

Cuenta Saldo deudor Saldo acreedor

Account Debit balance Credit balance
Share capital 25,000
Buildings 12,000
Merchandise 15,250
Accounts payable 60,000
Accounts receivable 15,000
Short-term bank debt 15,000
Cash 106,400
Cost of goods sold 45,750
Sales revenue 95,000
195,000 195,000
Mariña
Balance sheet December 31, 2020

Assets
Non-current assets
Land and buildings 12,000
Current assets
Merchandise 15,250
Accounts receivable 15,000
Cash and equivalents 106,400
Total Assets 148,650

Liabilities + Equity
Owners' equity
Capital 25,000
Profit/loss period 48,650
Non-current liabilities
Current liabilities
Short-term debts 15,000
Accounts payable 60,000
Total Liabilities + Equity 148,650

Income statement 2020

Revenue from sales 95,000
Cost of goods sold -45,750
Operating income 48,650
Income before taxes 48,650
Net income 48,650
Lucas
1 On December 10, Lucas buys, on line, a T-shirt from a well know distributor. The cost of
the T-shirt is €19 and the delivery cost is € 3. Lucas pays with his debit card.
On December 21, Lucas buys from the same distributor different items to be given as
2 Christmas presents for his relatives. The total amount of the items purchased is € 92
and the distributor does not charge any delivery cost. Lucas pays with his debit card.
 Lucas

Nº Code Account Debit Credit

113 113
1 300 Dr. Merchandise (A+) 21
570 Cr. Cash (A-) 21
2 300 Dr. Merchandise (A+) 92
570 Cr. Cash (A-) 92
Check