Inventory of the "El Volcán" watch shop owned by Mr.

Hellodoro Piedra del Monte

prepared on January 1, 2021 (figure in quetzales)

Asset
Current
Available
Box
tickets
coins Q 9,800.00
Banks Q 218.95Q 10,018.95
Monetary account No.3-4567974-2
from Ave Indiana SA bank Q 81,800.00
Required
VAT receivable
12% on Q60,933.00 for invoices for sale
Realizable Q 7,311.96
Commodity
12 Citizen brand each Q450.00 Q 5,400.00
12 Oris brand each Q395.00 Q 4,740.00
12 Cornavin brand each Q358.00 Q 4,296.00
12 Timex brand each Q459.00 Q 5,508.00
12 Bulova brand each Q510.00 Q 6,120.00
Ladies watches
12 Casio brand each Q295.00 Q 3,540.00
12 Caribe Brand each Q225.00 Q 2,700.00
12 Citizen brand each Q418.00 Q 5,016.00
12 Timex brand each Q365.00 Q 4,380.00
12 Haste Brand each Q540.00 Q 6,480.00
12 Oris brand each Q495.00. Q 5,940.00 Q 54,120.00
Not Current
Furniture and Equipment
3
Aluminum counters with glass, each Q715.00 Q 2,145.00
2
Aluminum showcases with glass, each Q945.00 Q 1,890.00
1 Secretarial desk with 3 metal drawers Q 625.00
1
Medium Tape and Screen Calculator Sharp Brand Q 435.00
1 metla swivel secretarial chair Q 710.00Q 5,805.00
Organization Expenses
6 Accounting books each Q43.00 Q 258.00
1 Special invoice from Mr. Efrain Q 750.00
1 Commercial registration receipt for company
registration Q 200.00
1 Tax stamp for business license Q 50.00
1 Form SAT-71212 for authorization
 from books Q 300.00
1 Receipt of commercial registration for
authorization of books Q 80.00 Q 1,638.00
Total Assets Q 160,693.91
Passive
Current
Suppliers
Debt to Distributor El Reloj Q 4,000.00
Debt to El Pendulo Distributor Q 4,400.00
Debt to Coravin Distributor Q 3,000.00 Q 11,400.00
Documents to pay
3 Bills of exchange each Q500.00 ISR withheld on Q 1,500.00
purchases
5% on Q5,805.00 of furniture and equipment Q 290.25
ISR withheld on special invoices
5% on Q750.00 on special invoices
in the name of Efrain Ixcampl Q 37.50
VAT withheld on special invoices
12% on Q750.00 of special invoices
in the name of Efrain Ixcampl Q 90.00
Total Liabilities Q 13,317.75
Net Worth
Net Worth Q 147,376.16
Sum of Liabilities and Equity Q 160,693.91
Summary
Box Q 10,018.95
Banks Q 81,800.00
VAT receivable Q 7,311.96
Commodity Q 54,120.00
Furniture and Equipment Q 5,805.00
Supplier Organization Expenses Q 1,638.00
Q 11,400.00
Documents to pay Q 1,500.00
ISR withheld on purchases Q 290.25
ISR withheld on special invoices Q 37.50
VAT withheld on special invoices Q 90.00
Net Worth Q 147,376.16
sum equals Q 160,693.91Q 160,693.91

The inscribed expert accountant Javier Morales states that the Net Assets of this
inventory amount to sixty thousand six hundred ninety-three and ninety-one cents
(Q160,693.91).

Guatemala January 1, 2021

 Warehouse "The
Volcano"
Opening general balance sheet for January 1, 2021 (figure in Quetzales)
Asset
Current
available
Box
Banks Q 10,018.95
Javier Moral Q 81,800.00Q 91,818.95
Required
PC REG
VAT No 31-B-21
receivable
Q 7,311.96
Realizable
Commodity
Not Current Q 54,120.00 Q 153,250.91
Furniture and
Equipment Q 5,805.00
Organization Expenses Q 1,638.00 7443
Total Assets
Q 160,693.91
Passive
Current
Suppliers
Q 11,400.00
Documents to pay
Q 1,500.00
ISR withheld on purchases
Q 290.25
ISR withheld on special invoices VAT
Q 37.50
withheld on special invoices Total
Q 90.00Q 13,317.75
Liability
Q 13,317.75
Net Worth
Net Worth
Q 147,376.16
sum of liabilities and Q 160,693.91
equity

Javier M
PC REG
 Warehouse "The Volcano"
Diary for the month of January 2021 (figure in quetzales)
2/1/2021
Q#1 1 Box Q 10,018.95
2 Banks Q 81,800.00
3 VAT receivable Q 7,311.96
4 Commodity Q 54,120.00
5 Furniture and equipment Q 5,805.00
6 Organization expenses Q 1,638.00
7 Suppliers Q 11,400.00
8 Documents to pay Q 1,500.00
9 ISR withheld payable on purchases Q 290.25
10 ISR withheld on special invoices Q 3,750.00
11 VAT withheld on special invoices Q 90.00
12 Net Worth Q 147,376.16
Account opening item for the month Q 160,693.91 Q 164,406.41
Pda#2 2/1/2021
2 Banks Q 5,200.00
1 Box Q 5,200.00
Deposit at the Ave Indiana Bank Q 5,200.00 Q 5,200.00
Pda#3 2/2/2021
5 Furniture and equipment Q 725.00
3 VAT receivable Q 87.00
7 Suppliers Q 775.75
9 ISR withheld payable on purchases Q 36.25
purchase invoice No.140 Check No.001
empire furniture Q 812.00Q 812.00
Q#4 2/3/2021
1 Box Q 8,008.00
13 Sales Q 7,150.00
14 VAT payable Q 858.00
Sale according to invoice No.001 to No.020 Q 8,008.00 Q 8,008.00
Q#5 2/4/2021
15 Customers Q 3,317.00
16 ISR withheld for crediting sales Q 155.00
13 Sales Q 3,100.00
14 VAT payable Q 372.00
Credit sale according to invoice No.021
Mr. Ismael Perez Q 3,472.00 Q 3,472.00
Q#6 2/5/2021
17 Shopping Q 36,000.00
3 VAT receivable Q 4,320.00
2 Banks Q 38,400.00
9 ISR withheld payable on purchases Q 1,920.00
Purchase from Distribuidora La Hora invoice No.533
 check No.002 Q 40,320.00Q 40,320.00
Pda#7 2/6/2021
18 Advertising expenses Q 470.34
3 VAT receivable Q 56.16
19 Press stamps Q 2.34
1 Box Q 526.00
Advertising payment according to invoice No.815 Q 528.84 Q 526.00
Pda#8 2/7/2021
20 Rents paid Q 1,900.00
3 VAT receivable Q 228.00
2 Banks Q 1,995.00
21 ISR withheld on capital income Q 133.00
Rent payment check No.003 invoice NO.184 Q 2,128.00 Q 2,128.00
Pda#9 2/8/2021
7 Suppliers Q 900.00
2 Banks Q 900.00
Payment of our debt to Distribuidora El Reloj Q 900.00 Q 900.00
Pda#10 2/9/2021
1 Box Q 800.00
15 Customers Q 800.00
Cash receipt No.01 payment of debt to
Perez Colocho Q 800.00 Q 800.00
Pda#11 2/12/2021
17 Shopping Q 2,580.00
3 VAT receivable Q 309.60
7 Suppliers Q 2,889.60
purchase of goods on credit according to invoices
No.045 Q 2,889.60 Q 2,889.60
Pda#12 2/16/2021
1 Box Q 8,447.04
13 Sales Q 7,542.00
14 VAT payable Q 905.04
Sale according to invoice No.022 to No.045 Q 8,447.04 Q 8,447.04
Pda#13 2/20/2021
22 Packing material Q 431.00
3 VAT receivable Q 51.72
2 Banks Q 482.72
Check No.005 to Cajas de Carton SA Invoice
No.215 Q 482.72 Q 482.72
Pda#14 2/24/2021
23 Documents receivable Q 2,850.00
1 Box Q 360.00
16 ISR withheld for crediting sales Q 150.00
13 Sales Q 3,000.00
 14 Q 360.00
VAT payable
Sale according to invoice No.046 to Eduvigues
Paunchy Q 3,360.00Q 3,360.00
Pda#15 2/26/2021
24 Stationery and supplies Q 238.00
3 VAT receivable Q 28.56
1 Box Q 266.56
Purchase according to Arlmay invoice No.0235 Q 266.56Q 266.56
Pda#16 2/27/2021
8 Documents to pay Q 1,000.00
2 Banks Q 1,000.00
Check issued to Furniture and Equipment
Guatemala SA cash receipt No.28 Q 1,000.00Q 1,000.00
Pda#17 29/02/2021
2 Banks Q 20,640.93
1 Box Q 20,640.93
Deposit in the bank voucher No.002 Q 20,640.93Q 20,640.93
Pda#18 30/02/2021
25 Administration salaries Q 14,000.00
26 Sales room salaries Q 11,100.00
27 Administration Bonus Q 1,000.00
28 Sales Room Bonus Q 750.00
29 Employer administration fee Q 1,773.80
30 Sales Room employer fee Q 1,406.37
2 Banks Q 25,637.67
31 IGSS payable Q 4,392.50
Payment of salaries according to checks No.007 to
No.013 Q 30,030.17Q 30,030.17
Pda#19 30/02/2021
14 VAT payable Q 2,135.04
3 VAT receivable Q 2,135.04
Regularization of VAT accounts Q 2,135.04Q 2,135.04
—
 Warehouse "The Volcano"
Ledger for the month of January 2021 (figure in quetzales)
1
Box
Jan-01 To multiple accounts Q 10,018.95
Jan-01 By banks Q 5,200.00
Jan-03 To multiple accounts Q 8,008.00
Jan-06 for several accounts Q 526.50
Jan-09 Customers Q 800.00
Jan-16 To multiple accounts Q 8,447.04
Jan-24 To multiple accounts Q 360.00
Jan-26 for several accounts Q 266.56
Jan-29 By banks Q 20,640.93

2 Banks
Jan-01 To multiple accounts Q 81,800.00
Jan-01 A box Q 5,200.00
Jan-02 For various accounts Q 812.00
Jan-05 For various accounts Q 38,400.00
Jan-07 For various accounts Q 1,995.00
Jan-08 By suppliers Q 900.00
Jan-20 For various accounts Q 482.72
Jan-27 For documents payable Q 1,000.00
Jan-29 A box Q 20,640.93
Jan-30 For various accounts Q 25,637.67

3 VAT receivable
Jan-01 To multiple accounts Q 7,311.96
Jan-02 To multiple accounts Q 87.00
Jan-05 To multiple accounts Q 4,320.00
Jan-06 A box Q 56.16
Jan-07 To multiple accounts Q 228.00
Jan-12 To suppliers Q 309.60
Jan-20 To banks Q 51.72
For various accounts Q 360.00
Jan-26 A box Q 28.56
Jan-30 For VAT payable Q 2,135.04

4 Commodity
Jan-01 To multiple accounts Q 54,120.00

5 Furniture And Equipment

Jan-01 To multiple accounts Q 5,805.00
Jan-02 To multiple accounts Q 725.00

6 Organization expenses
Jan-01 To multiple accounts Q 1,638.00

7
Suppliers
Jan-01 For various accounts Q 11,400.00
Jan-08 To banks Q 900.00
Jan-12 For various accounts Q 2,889.60

8 Documents to pay
Jan-01 For various accounts Q 1,500.00
Jan-27 To banks Q 1,000.00

9 ISR withheld payable on purchases

Jan-01 For various accounts Q 209.25
Jan-05 For various accounts Q 1,920.00

10 ISR withheld on special invoices

Jan-01 For various accounts Q 37.50

11 VAT withheld on special invoices

Jan-01 For various accounts Q 90.00

12 Net Worth
Jan-01 For various accounts Q 147,376.16

13 Sales
Jan-03 Per box Q 7,150.00
Jan-04 For various accounts Q 3,100.00
Jan-16 Per box Q 7,542.00
Jan-24 For various accounts Q 3,000.00

14 VAT payable
Jan-03 Per box Q 858.00
Jan-04 For various accounts Q 372.00
Jan-16 Per box Q 905.04
Jan-30 VAT receivable Q 2,135.04

15 Customers
Jan-04 To multiple accounts Q 3,317.00
Jan-09 Per box Q 800.00

16 ISR withheld for crediting sales

Jan-04 To multiple accounts Q 155.00
Jan-24 To multiple accounts Q 150.00

17 Shopping
Jan-05 To multiple accounts Q 36,000.00
Jan-12 To suppliers Q 2,580.00

18
Advertising expenses Cash
Jan-06 Q 468.00
19 Press stamps
Jan-06 A box Q 2.34

20 Rents paid
To multiple accounts
Jan-07 Q 1,900.00
21 ISR withheld on capital income For various
accounts
Jan-07 Q 133.00
22 Packing material
Jan-20 To banks Q 431.00

23 Documents receivable
To multiple accounts
Jan-24 Q 2,850.00
24 Stationery and supplies
A box
Jan-26 Q 238.00
25 administration salaries
Jan-30 To multiple accounts Q 14,000.00

26 Sales room salaries

Jan-30 To multiple accounts Q 11,100.00

27 Administration Bonus
Jan-30 To multiple accounts Q 1,000.00

28 Sales bonus
Jan-30 To multiple accounts Q 750.00

29
Employer administration fees To various accounts
Jan-30 Q 1,773.80
30 Employer fee sales room
Jan-30 To multiple accounts Q 1,406.37

31
Jan-30 IGGS payable for various accounts Q 4,392.50
Q 10,018.95
Q 4,818.95
Q 12,826.95
Q 12,300.45
Q 13,100.45
Q 21,547.49
Q 21,907.49
Q 21,640.93
Q 1,000.00

Q 81,800.00
Q 87,000.00
Q 86,188.00
Q 47,788.00
Q 45,793.00
Q 44,893.00
Q 44,410.28
Q 43,410.28
Q 64,051.21
Q 38,413.54

Q 7,311.96
Q 7,398.96
Q 11,718.96
Q 11,775.12
Q 12,003.12
Q 12,312.72
Q 12,364.44
Q 12,004.44
Q 12,033.00
Q 9,897.96

Q 54,120.00

Q 5,805.00
Q 6,530.00
Q 1,638.00

Q 11,400.00
Q 10,500.00
Q 13,389.60

Q 1,500.00
Q 500.00

Q 290.25
Q 2,210.25

Q 37.50

Q 90.00

Q 147,376.16

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

Q 858.00
Q 1,230.00
Q 2,135.04
Q -

Q 3,317.00
Q 2,517.00

Q 155.00
Q 305.00
Q 36,000.00
Q 38,580.00

Q 468.00

Q 2.34

Q 1,900.00

Q 133.00

Q 431.00

Q 2,850.00

Q 238.00

Q 14,000.00

Q 11,100.00

Q 1,000.00

Q 750.00

Q 1,773.80

Q 1,406.37

Q 4,392.50
 Warehouse "The Volcano"
Balance sheet as of December 31, 2021 (figure in quetzales)
1 Box Q 1,000.00
2 Banks Q 38,413.54
3 VAT receivable Q 9,897.96
4 Commodity Q 54,120.00
5 Furniture and equipment Q 6,530.00
6 Organization expenses Q 1,638.00
7 Suppliers Q 13,389.60
8 Documents to pay Q 500.00
9 ISR withheld payable on purchases Q 2,210.25
10 ISR withheld on special invoices Q 37.50
11 VAT withheld on special invoices Q 90.00
12 Net Worth Q 147,376.16
13 Sales Q 20,792.00
14 VAT payable Q -
15 Customers Q 2,517.00
16 ISR withheld for crediting sales Q 305.00
17 Shopping Q 38,580.00
18 Advertising expenses Q 468.00
19 Press stamps Q 2.34
20 Rents paid Q 1,900.00
21 ISR withheld on capital income Q 133.00
22 Packing material Q 431.00
23 Documents receivable Q 2,850.00
24 Stationery and supplies Q 238.00
25 Administration salaries Q 14,000.00
26 Sales room salaries Q 11,100.00
27 Administration Bonus Q 1,000.00
28 Sales bonus Q 750.00
29 Employer administration fees Q 1,773.80
30 Sales room employer quotas Q 1,406.37
31 IGGS payable Q 4,392.50
Sum Equals Q 188,921.01Q 188,921.01