El NA 1 Joumal Entries In March 2020, Todd Childs opened a retail business of buyingwelling to train sets. The following transactions during the month of March 2020: 3 Instructions Joumalize the following DAILY transactions in the General Journal Day Transaction Tab: 4 $ 2020 - March G 01 Todd Childs establishes Todd's Toy Train Corporation. The corporation issues common stock (65 shares at $1.000 each) 7 to Todd in exchange for $65.000 cash. 9 01 Todd's Toy Train Corporation pays for rent for one year in advance for $9.000 in cash. 30 11 13 01 Todd's Toy Train Corporation purchases equipment costing $20.000 Todd's Toy Train Corporation pays $5,000 in cash as a down payment and signs a 5 year, 6%, promissory note for the balance 1402 Todd's Toy Train Corporation buys office supplies for $2.000 on account. 16 03 Todd's Toy Train Corporation receives a shipment of 400 toy train sets from LPL Train Supply Company for $100 each and purchases them on account,n/30 (no discount) 18 19 15 Todd's Toy Train Corporation sells 100 toy train sets to TT Museum for $200 each on account with terms 2/10: n/30. All sales are final no returns allow Chart of Acco Tosifs Toy Dwly way to pronto act Journal TOP TACO 00 Cho Wa Chama 594 Op e d 00 h 1 0 140 Todos logran corporation bysonce supplies to ou on account 16 03 Todd's Toy Train Corporation receives a shipment of 400 toy train sets from LPL Train Supply Company for $100 each and purchases them on account. 30. (ho discount 10 19 15 Todd's Toy Train Corporation sells 100 toy train sets to TT Museum for $200 each on account with forms 2/10, n/30. All sales are final no returns aliow 21 20 Todd's Toy Train Corporation discovers that 10 of the toy trains bought from LPL Train Supply Company on March 3 are defective and returns them for a credit on account 23 24 25 Todd's Toy Train Corporation invests in a $5,000 certificate of deposit at a local bank x 25 Todd's ToyTrain Corporation receives $3.920 in cash from a customer, Children's TLC, for 20 toy trains that will be delivered on April 17 23 30 Todd's Toy Train Corporation paid for monthly insurance bill for $1,250: utility bills for $800; and advertising bills for $1.500. 29 30 31 Todd's Toy Train Corporation paid Todd Childs the owner, a $1,750 dividend. 32 30 Cut A Tods Toy Ten wys German Ground JMO CO OS 5 y S d 00 h