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Vanishing Games Corporation (VG) operates a massively multiplayer online game, charging players a monthly subscription of $14. At the start of January 2021, VGC's Income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 2,418,000 Accounts Receivable 218,888 Supplies 17,700 Equipment 950, eee Buildings 448, eee Land 1,620,eee Accounts Payable 158, eee Deferred Revenue 145, eee Notes Payable (due 2025) 65,000 Connon Stock 2,488,eee Retained Earnings 2,895,788 In addition to the above accounts, VGC's chart of accounts Includes the following: Service Revenue, Salaries and Wages Expense. Advertising Expense, and Utilities Expense. The January transactions are shown below: a. Received $54.500 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020. b. Purchased 10 new computer servers for $42,000 on 1/2; paid $19,200 cash and signed a three-year note for the remainder owed. c. Pald $16.800 for an Internet advertisement run on 13. d. On January 4, purchased and received $4.600 of supplies on account. e. Received $195.000 cash on 1/5 from customers for service revenue earned in January f. On January 6. paid $4,600 cash for supplies purchased on January 4. g. On January 7. sold 14,400 subscriptions at $14 each for services provided during January. Half was collected in cash and half was sold on account. n. Pald $371,000 in wages to employees on 1/30 for work done in January 1. On January 31, received an electric and gas utility bill for $6.170 for January utility services. The bill will be paid in February General Stmt of General Requirement Income Trial Balance Journal Statement Ledger Retained Analysis Balance Sheet Earnings General Journal tab - Prepare the journal entries to record transactions (a) through (i). Revie accounts as shown in the General Ledger and Trial Balance tabs. General Ledger tab - Each journal entry is posted automatically to the general ledger Trial Balance tab - The ending balance values from the General Ledger tab flows through to the Trial Balance tab. Income Statement tab - Use the drop-down to select the accounts properly included on the income statement. Statement of Retained Earnings tab - Prepare the statement of retained earnings for the month ended January 31, 2021. If there are no dividends, include a line that reports Dividends of zero. Balance Sheet tab - Prepare a classified Balance Sheet at January 31, 2021. Analysis tab - Calculate net profit margin, expressed as a percent. Requirement General Journal >

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