P-Toys Inc. reports the following transactions for April of 2018. The accounting period of P-Toys is one month. First, journalize each transaction using proper account names, such as Cash, Accounts Receivable etc. In the box following "Journal entry:", type in the corresponding journal entry. Debits first, then credits. Since only one row is allowed in the box, put debits and credits in the same row but identify debits and credits using the symbols "Dr" and "Cr". For example, Dr) Cash $1000 Cr) Common shares $1000. Second, indicate the impact of each transaction on assets, liabilities and equity. In the box following "Effects: state the effects on assets, liabilities and equity. For example, if the transaction increases assets and increase liabilities, state "Assets: Increase: Liabilities: Increase" in the box. No need to mention Equity. State No change" only when there is an offsetting effect from the transaction. For example, if a transaction increases an asset account and decrease an asset account by exactly the same amount at the same time, then state "Assets: No change" in the box, no need to state "No change" for liabilities when the transaction does not affect liabilities and no need to state "No change" for equities when the transaction does not affect Equity accounts at all. For transactions that have two journal entries, write two journal entries in the space of "Journal Entry;". And then state the net effects of these two journal entries on Asset, Liabilities and Equity. For example, if asset is increased by $500 in one entry and decreased by $200 in another entry, write "Assets: Increase" for assets because the net effects are $300 increases in Assets. If the event is not an accounting event, state "None" in both the space of "Journal Entry:" and the space of "Effects:", P-Toys Inc: (1) On Apr 1. purchased equipment for $300,000 with $100,000 paid by cash and $200,000 borrowed from banks. Journal Entry Effects: (4) On Apr 1, received $24,000 cash in advance from a customer to play in the play area for one year. Journal entry: Effects: (5) On Apr 9, hired two employees to begin work in the company and signed employee contracts with them. The employee contract states that they are paid every three weeks with a salary of $1.000 each week each person for a five-day workdays. (-$200 each person, each workday and they only work on workdays) Journal entry: Effects: A/ (6) On Apr 10, purchased a bunch of supplies on account from A Supply Ltd, for $2,000. Journal entry: Effects: (7) On Apr 11, purchased 10,000 Pikachu toys from C-Wholesaler with Si each paid directly by cash. The toys are purchased for selling to customers. Journal entry: Effects: A (2) On Apr 1, issued common shares in exchange for $200,000 cash. Journal entry: 4 Effects: (3) On Apr 1. paid one year of rent in advance (S1000 per month) for renting the shopping mall spaces. Journal entry: Journal entry: Effects: A/ (8) On Apr 12, sold 1,000 Pikachu toys to D-Company with $2 each on account to customers (Original cost of toys is Sl each from (7)). Journal entry: PJ Effects: (9) On Apr 13. P-Toys paid $2,000 cash owed to A Supply Ltd. (See (6)). AM (9) On Apr 13, P-Toys paid $2,000 cash owed to A Supply Ltd. (See (6)). Journal entry: Effects: (10) On Apr 15, P-Toys received $1,000 cash (partial payment) from D Company for unpaid purchased Pikachus. (See (8)). Journal entry: Effects: P-Toys Inc. reports the following transactions for April of 2018. The accounting period of P-Toys is one month. First, journalize each transaction using proper account names, such as Cash, Accounts Receivable etc. In the box following "Journal entry:", type in the corresponding journal entry. Debits first, then credits. Since only one row is allowed in the box, put debits and credits in the same row but identify debits and credits using the symbols "Dr" and "Cr". For example, Dr) Cash $1000 Cr) Common shares $1000. Second, indicate the impact of each transaction on assets, liabilities and equity. In the box following "Effects: state the effects on assets, liabilities and equity. For example, if the transaction increases assets and increase liabilities, state "Assets: Increase: Liabilities: Increase" in the box. No need to mention Equity. State No change" only when there is an offsetting effect from the transaction. For example, if a transaction increases an asset account and decrease an asset account by exactly the same amount at the same time, then state "Assets: No change" in the box, no need to state "No change" for liabilities when the transaction does not affect liabilities and no need to state "No change" for equities when the transaction does not affect Equity accounts at all. For transactions that have two journal entries, write two journal entries in the space of "Journal Entry;". And then state the net effects of these two journal entries on Asset, Liabilities and Equity. For example, if asset is increased by $500 in one entry and decreased by $200 in another entry, write "Assets: Increase" for assets because the net effects are $300 increases in Assets. If the event is not an accounting event, state "None" in both the space of "Journal Entry:" and the space of "Effects:", P-Toys Inc: (1) On Apr 1. purchased equipment for $300,000 with $100,000 paid by cash and $200,000 borrowed from banks. Journal Entry Effects: (4) On Apr 1, received $24,000 cash in advance from a customer to play in the play area for one year. Journal entry: Effects: (5) On Apr 9, hired two employees to begin work in the company and signed employee contracts with them. The employee contract states that they are paid every three weeks with a salary of $1.000 each week each person for a five-day workdays. (-$200 each person, each workday and they only work on workdays) Journal entry: Effects: A/ (6) On Apr 10, purchased a bunch of supplies on account from A Supply Ltd, for $2,000. Journal entry: Effects: (7) On Apr 11, purchased 10,000 Pikachu toys from C-Wholesaler with Si each paid directly by cash. The toys are purchased for selling to customers. Journal entry: Effects: A (2) On Apr 1, issued common shares in exchange for $200,000 cash. Journal entry: 4 Effects: (3) On Apr 1. paid one year of rent in advance (S1000 per month) for renting the shopping mall spaces. Journal entry: Journal entry: Effects: A/ (8) On Apr 12, sold 1,000 Pikachu toys to D-Company with $2 each on account to customers (Original cost of toys is Sl each from (7)). Journal entry: PJ Effects: (9) On Apr 13. P-Toys paid $2,000 cash owed to A Supply Ltd. (See (6)). AM (9) On Apr 13, P-Toys paid $2,000 cash owed to A Supply Ltd. (See (6)). Journal entry: Effects: (10) On Apr 15, P-Toys received $1,000 cash (partial payment) from D Company for unpaid purchased Pikachus. (See (8)). Journal entry: Effects