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Vanishing Games Corporation (VGC) 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 $ 2,412, eee Accounts Receivable 218, Supplies 17,700 Equipment 950.800 Buildings 4de, een Land 1,620,eee Accounts Payable 15e,eee Deferred Revenue 145,000 Notes Payable (due 2025) 65,000 Common Stock 2,469,eee Retained Earnings 2,895,700 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 11 for subscriptions that had already been earned and charged on account in 2020 . 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. Paid $16.800 for an Internet advertisement run on 1/3 d. On January 4, purchased and received $4,600 of supplies on account BUL Land Accounts Payable Deferred Revenue Notes Payable (due 2025) Common Stock Retained Earnings 0, 1.620,000 150,000 145,00 65,000 2,400,000 2,695,700 In addition to the above accounts, VGC's chart of accounts includes the following Serdce Revenue, Salories 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, pald $19,200 cash and signed a three-year note for the remainder owed. c. Paid $16,800 for an Internet advertisement run on 1/3. 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 Jendary. Paid $4,600 cash to a supplier on January 6, g. On January 7. sold 14,400 subscriptions at $14 each for services provided during January Hall was collected in cash and half was n Paid $371,000 in wages to employees on 1/30 for work done in January On January 31, received an electric and gas utility bill for $6.170 for January utility bervices. The bill will be pard in February sold on account Stmt of CAR Noy Ch. 1-3) Saved Help Journal entry worksheet Journal entry worksheet 3 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. Record the transaction. Note: Enter debits before credits General Journal Debit Credit Date January 02 Record entry Clear entry View general journal Journal entry worksheet Paid $16,800 for an Internet advertisement run on 1/3. Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Date January 03 View general journal Clear entry Record entry of Next Journal entry worksheet

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