Analyzing the effects of Business Transactions:

JOY started an amusement park on $1$st April. The transactions for the month of April were as follows:

Required:

$1.$ Prepare a transaction statement $($in the format A$+$E $=$ L$+$I$)$ for the all the transactions mentioned above.

$2.$ Prepare profit and loss account to ascertain the profit or loss for the month of April and balance sheet as

on $30$th April.

NOTE: If you make any assumptions, please mention them clearly.

PLEASE MAKE SUBMISSIONS IN EXCEL