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The document summarizes the financial transactions of Ms. Sheppard's Bathroom Renovation Store for the 12 months ended December 31, 2012. It includes a profit and loss statement showing revenues of $50,000 and a net profit of $11,100. It also includes a balance sheet dated December 31, 2012, with total assets of $356,100 including cash, inventory, and buildings, and total liabilities of $50,000, for net assets of $306,100.
The document summarizes the financial transactions of Ms. Sheppard's Bathroom Renovation Store for the 12 months ended December 31, 2012. It includes a profit and loss statement showing revenues of $50,000 and a net profit of $11,100. It also includes a balance sheet dated December 31, 2012, with total assets of $356,100 including cash, inventory, and buildings, and total liabilities of $50,000, for net assets of $306,100.