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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 2013, VGCs income statement accounts had zero balances and its balance sheet account balances were as follows:

Cash	$	2,080,000
Accounts Receivable		175,000
Supplies		20,100
Equipment		967,000
Land		1,590,000
Building		445,000
Accounts Payable		206,000
Unearned Revenue		118,000
Notes Payable (due 2016)		68,000
Contributed Capital		2,500,000
Retained Earnings		2,385,100

In addition to the above accounts, VGCs chart of accounts includes the following: Subscription Revenue, Licensing Revenue, Wages Expense, Advertising Expense, and Utilities Expense.

Required:

1.	Analyze the effect of the January 2013 transactions (shown below) on the accounting equation, and indicate the account, amount, and direction of the effect (+ for increase and ? for decrease) of each transaction. (Enter all amounts as positive values.)

a.	Received $56,500 cash from customers for subscriptions that had already been earned in 2012.
b.	Received $33,800 cash from Electronic Arts, Inc., for licensing revenue earned in the month of January 2013.
c.	Purchased 10 new computer servers for $35,200; paid $12,800 cash and signed a three-year note for the remainder owed.
d.	Paid $15,000 for an Internet advertisement run on Yahoo! in January 2013.
e.	Sold 15,700 monthly subscriptions at $14 each for services provided during the month of January 2013. Half was collected in cash and half was sold on account.
f.	Received an electric and gas utility bill for $6,350 for January 2013 utility services. The bill will be paid in February.
g.	Paid $469,000 in wages to employees for work done in January 2013.
h.	Purchased $4,800 of supplies on account.
i.	Paid $4,800 cash to the supplier in (h). 2. Prepare journal entries for the January 2013 transactions listed in part 1, using the letter of each transaction as a reference. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 3. Create T-accounts, enter the beginning balances shown above, post the journal entries to the T-accounts, and show the unadjusted ending balances in the T-accounts.

4.	Prepare an unadjusted trial balance as of January 31, 2013.

Assets Liabilities Stockholders' Equity a. b. C. e. h

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