WATCHMAKING 'THE VOLCANO'

Inventory Book
Practiced as of April 1, 2023 (figures in quetzals)
Active
CURRENT
BOX
Bills Q 9,800.00
Coins Q 218.95
BANKS
Monetary account No. 3-4567974-1 of Bank Ave Indiana
VAT TO BE COLLECTED
12% on Q60,933.00 according to invoices held by the company
MERCHANDISE
Watches for men
March 12 Citzen Q 450.00 Q 5,400.00
12 March Oris Q 395.00 Q 4,740.00
March 12 Cornavín Q 358.00 Q 4,296.00
12 March Timex Q 459.00 Q 5,508.00
March 12 Bulova Q 510.00 Q 6,120.00
Watches for women
12 March Casio Q 295.00 Q 3,540.00
March 12 Caribbean Q 225.00 Q 2,700.00
March 12 Citizens Q 418.00 Q 5,016.00
12 March Stalk Q 540.00 Q 6,480.00
March 12 Timex Q 365.00 Q 4,380.00
12 March Oris Q 495.00 Q 5,940.00
NO CURRENT
FURNITURE AND EQUIPMENT
3 Aluminum Counters with Glass Q 715.00 Q 2,145.00
2 aluminum showcases with glass Q 945.00 Q 1,890.00
1 Secretary desk with 3 metal drawers Q 625.00
1 Tape and screen median calculator, Brand Sharp Q 435.00
1 Swivel Metal Secretary Type Chair Q 710.00
ORGANIZATION EXPENSES
6 Accounting Books Q 43.00 Q 258.00
1 Special invoice No.001 in the name of Mr. Efrain Ixcamparic Q 750.00
Receipt No. 8431 of the mercantile registry Q 200.00
Fiscal stamp for the business license Q 50.00
1 SAT-7121 Form No.54 18974 123 Q 300.00
1 Receipt of the commercial registry for the authorization of the books Q 80.00
SUM OF ASSETS
PASSIVE
CURRENT
 SUPPLIERS
Distributor The Clock Q 4,000.00
Distributor The Pendulum Q 4,400.00
Cornavín Distributor Q 3,000.00
DOCUMENTS PAYABLE IN THE SHORT TERM
3 Furniture and Equipment of Guatemala, S.A.
IRS WITHHELD FOR PAYMENT ON SPECIAL INVOICE
5% On Q.840.00 Retained on Special Invoice No.001
WITHHELD VAT TO BE PAID ON SPECIAL INVOICE
12% On Q.840.00 Withheld on Special Invoice No.001
Total Liabilities
NET WORTH
Hellodoro Mountain Stone, Net Heritage
Sum of Liabilities and Equity
SUMMARY
BOX Q 10,018.95
BANKS Q 81,800.00
VAT receivable Q 7,311.96
MERCHANDISE Q 54,120.00
FURNITURE AND EQUIPMENT Q 5,805.00
ORGANIZATION EXPENSES Q 1,638.00
SUPPLIERS
SHORT-TERM PAYABLE DOCUMENTS
IRS WITHHELD FOR PAYMENT ON SPECIAL INVOICE
WITHHELD VAT TO BE PAID ON SPECIAL INVOICE
NET WORTH
EQUAL SUMS Q 160,693.91

In accordance with the previous data, the net worth of Mr. Helidorio Piedra del Monte, ascends.
to the amount of One Hundred Sixty Thousand, six hundred ninety-three with ninety-one cents (160,693.91)

Guatemala, 1st of A

Heliodoro Stone of the Mountain

Owner Certified Public Accountant No. Xxxxx
Q 10,018.95

Q 81,800.00

Q 7,311.96

Q 54,120.00

Q 60,933.00

Q 5,805.00

Q 1,638.00
Q 160,693.91
 Q 11,400.00

Q 1,500.00

Q 42.00

Q 100.80
Q 13,042.80

Q 147,651.11
Q 160,693.91

Q 11,400.00
Q 1,500.00
Q 42.00
Q 100.80
Q 147,651.11
Q 160,693.91

end
)

April 2023
 THE HOE HARDWARE STORE
Inventory Book
Practiced as of April 1, 2023 (figures in quetzals)
Active
CURRENT
BOX
Bills Q 3,540.00
Coins Q 420.00
BANKS
Monetary account No. 3-785129-0 of the Bank el Frijol S.A. Q 80,630.00
Monetary Account No. 5-31906365-4 of Banco el Maiz S.A. Q 48,690.00
IVA TO BE COLLECTED
12% on 41,105.50, according to invoices held by the company
MERCHANDISE
Pickaxe brand hoes
40 big ones, each Q 18.75 Q 750.00
40 Mediums, each one Q 14.25 Q 570.00
40 Small ones, each Q 10.50 Q 420.00
Hammers brand Martllos
100 Greats, each one Q 21.00 Q 2,100.00
100 Mediums, each one Q 16.50 Q 1,650.00
100 small ones, each one Q 12.75 Q 1,275.00
Trincket brand Piochas
100 Standard, each Q 18.25 Q 1,825.00
Carpenter brand saws
100 Greats, each one Q 32.50 Q 3,250.00
100 Mediums, each one Q 23.50 Q 2,350.00
100 small ones, each Q 18.50 Q 1,850.00
Large Knife brand machetes
100 Mediums, each one Q 35.75 Q 3,575.00
100 Small ones, each Q 19.50 Q 1,950.00
Spade brand paddle
100 square tips, each one Q 21.50 Q 2,150.00
100 round tips, each one Q 19.25 Q 1,925.00
STATIONERY AND SUPPLIES
2 reams of bond paper, each
1 Thick Tucan Pencils Q 23.50 Q 47.00
1 Thick Crow Pencils Q 180.00 Q 180.00
1 Reglas Q 72.00 Q 72.00
2 Notebooks of One Hundred Pages, each Q 9.00 Q 9.00
NOT RUNNING Q 4.25 Q 8.50
FURNITURE AND EQUIPMENT
3 Wooden Counters, each one Q 540.00 Q 1,620.00
5 Metal Shelves, each one Q Q
625.00 3,125.00
3 Secretarial Desks, each one Q 580.00 Q 1,740.00
3 Swivel Chairs, each Q 510.50 Q 1,531.50
1 Cash register Q 5,800.00
ORGANIZATIONAL EXPENSES
6 Accounting Books, each one Q 38.75 Q 232.50
1 Registered Merchant Receipt Q 175.00
Fiscal Stamp Q 50.00
1 Received SAT No. 0052-72198 Q 300.00
1 Receipt No.4322 Commercial Registration Q 60.00
1 Special Invoice No.001 Q 1,100.00
Active Sum
PASSIVE
CURRENT
SUPPLIERS
Ferrolandia S.A. Distributor Q 6,000.00
Hardware Distributor S.A. Q 5,000.00
SHORT-TERM PAYABLE DOCUMENTS
3 Letters to the Distributor La Oficina, S.A. Q 1,200.00
ISR WITHHELD FOR PAYMENT ON SPECIAL INVOICE
5% On Q.1,232.00 withheld on Special Invoice No.001
WITHHELD VAT PAYABLE ON SPECIAL INVOICE
12% On Q.1,232.00 Withheld on Special Invoice No.001
Total Liabilities
NET WORTH
Petrolino Coyote, Net Worth
Total Net Worth and Liabilities
SUMMARY
Box Q 3,960.00
Banks Q 129,320.00
VAT Receivable Q 4,932.66
Merchandise Q 25,640.00
Stationery and Supplies Q 316.50
Furniture and Equipment Q 13,816.50
Organization Expenses Q 1,917.50
Suppliers Q 11,000.00
Short-Term Payable Document Q 3,600.00
ISR withheld to be paid on Special Invoice Q 61.60
VAT withheld for Payment on Special Invoice Q 147.84
Net Worth Q 165,093.72
Equal Sums Q 179,903.16 Q 179,903.16

In accordance with the above data, Mr. Petrolino Coyote's Net Worth amounts to
to the amount of One Hundred Seventy-Nine Thousand, Nine Hundred Three and Sixteen Cents. (179,903.16)
 Guatemala April 1, 2023

Petrolino Coyote
Owner Forensic Accountant No. Xxxxx
Q 3,960.00

Q 129,320.00

Q 4,932.66

Q 25,640.00

Q 41,105.50

Q 316.50
Q 13,816.50

Q 1,917.50
Q 179,903.16

Q 11,000.00

Q 3,600.00

Q 61.60

Q 147.84
Q 14,809.44

Q 165,093.72
Q 179,903.16
 WATCHMAKING 'THE VOLCANO'
Opening Balance Sheet, prepared as of April 1, 2023 (amounts in quetzals)
ACTIVE
CURRENT
AVAILABLE
Box Q 10,018.95
Banks Q 81,800.00 Q 91,818.95
EXIGIBLE
VAT receivable Q 7,311.96
REALIZABLE
Merchandise Q 54,120.00 Q 153,250.91
NO CURRENT
Furniture and Equipment Q 5,805.00
Organization Expenses Q 1,638.00
Sum of Assets Q 7,443.00
PASSIVE Q 160,693.91
CURRENT
Suppliers Q 11,400.00
Short-term payables Q 1,500.00
ISR withheld on Special Invoice Q 42.00
VAT withheld on Special Invoice Q 100.80
Passive sum Q 13,042.80
NET WORTH
Heliodoro Piedra del Monte, Patrimonio neto Q 147,651.11
Total Liabilities and Equity Q 160,693.91

Guatemala April 1, 2023

Heliodoro Stone of the Mountain Astrid Morales

Owner Counter No. Xxxx
 WATCHMAKING 'THE VOLCANO'
Diary Book
Practiced as of April 1, 2023 (figures in quetzals)
P#1 4/1/2023
Box 10,018.95
Banks 81,800.00
VAT receivable 7,311.96
Merchandise 54,120.00
Furniture and Equipment 5,805.00
Organization Expenses 1,638.00
Suppliers 11,400.00
Short-term payables 1,500.00
IRS remained unpaid in the short term 42.00
Withheld VAT to be paid on special invoice 100.80
Net worth 147,651.11
According to the values with which the society begins operations 160,693.91 160,693.91
P#2 4/1/2023
Banks 5,200.00
Box 5,200.00
Receipt No. 01 5,200.00 5,200.00
P#3 4/2/2023
Furniture and Equipment 725.00
VAT receivable 87.00
Banks 812.00
According to Invoice No. 140 from Muebles Imperio 812.00 812.00
P#3 4/3/2023
Box 8,008.00
Sales 7,150.00
VAT payable 858.00
Invoices from No. 001 to No. 020 8,008.00 8,008.00
P#4 4/4/2023
Clients 3,217.00
IRS withheld for crediting on sales 255.00
Sales 3,100.00
VAT payable 372.00
According to Invoice No. 021 from Ismael Pérez Colocho 3,472.00 3,472.00
P#5 4/5/2023
Purchases 36,000.00
VAT receivable 4,320.00
Withholding tax payable on purchases 1,920.00
Banks 38,400.00
According to invoice No. 533 from Distribuidora la Hora 40,320.00 40,320.00
P#6 4/6/2023
Advertising 465.66
 VAT to be collected 55.88
Press Stamp 2.34
Box 523.88
Invoice no. 815 from Prensa Libre 523.88 523.88
P #7 April 7, 2022
Rentals 1,800.00
VAT receivable 228.00
Banks 1,955.00
Withholding tax on capital gains payable 135.00
According to invoice No.184 of Cásctulo Bustamante 2,128.00 2,128.00
P#8 April 8, 2022
Suppliers 900.00
Banks 900.00
Check no. 004 in favor of Distribuidora EL Reloj for credit 900.00 900.00
4/9/2022
Box #9 800.00
Clients 800.00
Receipt No. 01 to Pérez Colocho for payment 800.00 800.00

P#10 4/12/2022
Purchases 2,580.00
VAT receivable 309.60
suppliers 2,889.60
According to invoice No. 638 from Diatrubuidora la Marquesa 2,889.60 2,889.60
P#11 4/16/2023
Box 8,447.04
Sales 7,542.00
VAT payable 905.04
Facturas de la No. 022 a la 045 8,447.04 8,447.04
P#12 4/20/2022
Packaging material 431.00
VAT receivable 51.72
Banks 482.72
According to invoice No. 215 from boxes and cardboard, S.A. 482.72 482.72
P#13 4/24/2022
Box 360.00
Short-term accounts payable 2,850.00
Withheld ISR for sales credit 150.00
Sales 3,000.00
VAT payable 360.00
According to Invoice No. 046 from Eduviges Berrigon 3,360.00 3,360.00
P#14 4/26/2022
Stationery and Supplies 238.00
VAT receivable 28.56
 Box 266.56
Fact No. 0235 from Arimany 266.56 266.56
P#15 4/27/2022
Short-term payables 1,000.00
Banks 1,000.00
Receipt No. 28 from Furniture and Equipment of Guatemala, S.A. 1,000.00 1,000.00
P#16 4/29/2023
Banks 20,643.55
Box 20,643.55
Receipt No. 02 20,643.55 20,643.55
P#17 4/30/2022
Salaries of Administration 14,000.00
Sales Room Salaries 11,100.00
Management Incentive Bonus 1,000.00
Sales floor incentive bonus 750.00
Employer Contribution Administration 1,773.80
Employer contribution sales room 1,406.37
IGSS to be paid 4,917.00
Banks 25,113.17
Paid with cheque No.007 to No.013 30,030.17 30,030.17
P#18 4/30/2022
VAT payable 2,495.04
Accounts Receivable 2,495.04
Regularization of VAT 2,495.04 2,495.04
 WATCHMAKING 'THE VOLCANO'
General Ledger
Practiced as of April 1, 2023 (figures in quetzals)
1 BOX MUST NEWS
To several accounts P1 Q 10,018.95
For several accounts p2 5,200.00
To several accounts P3 8,008.00
For several accounts p6 523.88
To several P9 accounts 800.00
To various accounts P11 8,447.04
To various accounts P13 360.00
For several accounts p14 266.56
For several accounts p16 20,643.55

2 BANKS
To various Accounts P1 81,800.00
To several P2 accounts 5,200.00
For several P3 accounts 812.00
For several accounts P5 38,400.00
For several accounts P6 1,995.00
For several accounts P8 900.00
For several P12 accounts 482.72
For several accounts P15 1,000.00
To various Accounts P16 20,643.55
For several accounts P17 25,112.67

3 VAT TO BE COLLECTED
To various accounts P1 Q 7,311.96
To various P3 accounts 87.00
To several accounts P5 4,320.00
To several P6 accounts 55.88
To several accounts P7 228.00
To several accounts P10 309.60
To several accounts P13 51.72
To various accounts P14 28.56
For several accounts P18 2,495.04

4 MERCHANDISE
To several accounts P1 54,120.00

5 FURNITURE AND EQUIPMENT

A varias cuentas P1 5,805.00
To various accounts P3 725.00
6 ORGANIZATION EXPENSES
To several accounts P1 1,638.00

7 SUPPLIERS
For several accounts P1 11,400.00
For several accounts P7 900.00
To various P8 accounts 2,889.60

8 DOCUMENTS PAYABLE IN THE SHORT TERM

To various accounts P1 1,500.00
To several P10 accounts 2,850.00
to several accounts P11 1,000.00

9 IRS WITHHELD FOR PAYMENT ON PURCHASES

To several accounts P1 290.25
To several P5 accounts 1,920.00

10 IRS WITHHELD FOR PAYMENT ON SPECIAL INVOICE

To several accounts P1 37.50

12 WITHHELD VAT PAYABLE ON SPECIAL INVOICE

To various accounts P1 90.00

13 NET WORTH
To several accounts P1 147,376.16

14 CLIENTS
To several P4 accounts 3,317.00
To Several Accounts P12 800.00

15ISR WITHHELD FOR CREDITING ON SALES

To various accounts P4 155.00
To several accounts P10 150.00

16 SALES
For several accounts P3 7,150.00
For several accounts P4 3,100.00
For several P10 accounts 7,542.00
For several P12 accounts 3,000.00

17 VAT PAYABLE
For several P3 accounts 858.00
For several P4 accounts 372.00
For several accounts P11 905.04
 For various accounts P13 360.00
To several accounts P18 2,495.04

18 PURCHASES
To several P5 accounts 36,000.00
To several P8 accounts 2,580.00

19 RENTALS
A varias cuentas P6 1,900.00

20% WITHHELD ON CAPITAL INCOME TAX

For several accounts P6 133.00

21 PACKAGING MATERIAL
To several accounts P9 431.00

22 ADVERTISING
To several accounts P3 465.66

23 PRESS STAMP
To various accounts P13 2.34

24 STATIONERY AND SUPPLIES

To various accounts P13 238.00

25 ADMINISTRATION SALARIES
To several accounts P14 14,000.00

26 SALES ROOM SALARIES

To several accounts P14 11,100.00

27 ADMINISTRATION INCENTIVE BONUS

To various accounts P14 1,000.00

28 SALES ROOM BONUS

To several accounts P14 750.00

29 DOCUMENTS TO BE COLLECTED IN THE SHORT TERM

Sales P9 2,850.00

30 EMPLOYER QUOTAS ADMINISTRATION

A: several P13 accounts 1,773.80
31 EMPLOYER CONTRIBUTION SALES ROOM
Several accounts P13 1,406.37

32 IGSS TO BE PAID
By: Several accounts P13 4,917.50
 BALANCE
10,018.95
4,818.95
12,826.95
12,303.07
13,103.07
21,550.11
21,910.11
21,643.55
1,000.00

81,800.00
87,000.00
86,188.00
47,788.00
45,793.00
44,893.00
44,410.28
43,410.28
64,053.83
38,941.16

7,311.96
7,398.96
11,718.96
11,774.84
12,002.84
12,312.44
12,364.16
12,392.72
9,897.68

54,120.00

5,805.00
6,530.00
 1,638.00

11,400.00
10,500.00
10,500.00

1,500.00
1,350.00
350.00

290.25
2,210.25

37.50

90.00

147,376.16

3,317.00
2,517.00

155.00
305.00

7,150.00
10,250.00
17,792.00
20,792.00

858.00
1,230.00
2,135.04
 2,495.04
-

3,600.00
38,580.00

1,900.00

133.00

431.00

465.66

2.34

238.00

14,000.00

11,100.00

1,000.00

750.00

2,850.00

1,773.80
1,406.37

4,917.50
 WATCHMAKING "THE VOLCANO"
Trial Balance, practiced as of April 1, 2023 (figures in quetzals)
1 BOX 1,000.00
2 BANKS 38,941.16
3 VAT to be received 9,897.68
4 MERCHANDISE 54,120.00
5 FURNITURE AND EQUIPMENT 6,530.00
6 ORGANIZATION EXPENSES 1,638.00
7 SUPPLIERS 13,389.60
8 DOCUMENTS PAYABLE IN THE SHORT TERM 500.00
9 WITHHELD ISR FOR PURCHASES 2,210.25
10 ISR WITHHELD FOR PAYMENT ON SPECIAL INVOICE 37.50
11 VAT WITHHELD TO PAY ON SPECIAL INVOICE 90.00
12 NET WORTH 147,376.16
13 CLIENTS 2,517.00
14 ISR WITHHELD FOR ACCOUNTING ON SALES 305.00
15 SALES 20,792.00
16 VAT PAYABLE -
17 PURCHASES 38,580.00
18 RENTALS 1,900.00
19 IRS WITHHELD FOR PAYMENT ON CAPITAL INCOME 133.00
20 PACKAGING MATERIAL 431.00
21 ADVERTISING 465.66
22 PRESS STAMP TO BE CREDITED 2.34
23 STATIONERY AND SUPPLIES 238.00
24 ADMINISTRATION SALARIES 14,000.00
25 SALES ROOM SALARIES 11,100.00
26 ADMINISTRATION INCENTIVE BONUS 1,000.00
27 SALES ROOM BONIFICATION 750.00
28 EMPLOYER CONTRIBUTION ADMINISTRATION 1,773.80
29 EMPLOYER CONTRIBUTION SALES ROOM 1,406.37
30 IGSS TO PAY 4,917.50
31 DOCUMENTS PAYABLE IN THE SHORT TERM 2,850.00
EQUAL SUMS 189,446.01 189,446.01