Required information C3-1 (Algo) Analyzing, Recording, and Posting, and Preparing and Evaluating Financial Statements (Chapters...
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Required information C3-1 (Algo) Analyzing, Recording, and Posting, and Preparing and Evaluating Financial Statements (Chapters 1-3) [LO 3-2, LO 3-3, LO 3-4, LO 3-5] Skip to question [The following information applies to the questions displayed below.] Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $14. At the start of January 2021, VGCs income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 1,720,000 Accounts Receivable 230,000 Supplies 21,800 Equipment 892,000 Buildings 485,000 Land 2,100,000 Accounts Payable 180,000 Deferred Revenue 119,000 Notes Payable (due 2025) 128,000 Common Stock 3,000,000 Retained Earnings 2,021,80
Required information C3-1 (Algo) Analyzing, Recording, and Posting, and Preparing and Evaluating Financial Statements (Chapters 1-3) [LO 3-2, LO 3-3, LO 3-4, LO 3-5] Skip to question [The following information applies to the questions displayed below.] Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $14. At the start of January 2021, VGCs income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 1,720,000 Accounts Receivable 230,000 Supplies 21,800 Equipment 892,000 Buildings 485,000 Land 2,100,000 Accounts Payable 180,000 Deferred Revenue 119,000 Notes Payable (due 2025) 128,000 Common Stock 3,000,000 Retained Earnings 2,021,80
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