20 Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $15. At the start of January 2018, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment $1,500,000 150,000 14,700 Buildings Land Accounts Payable Deferred Revenue Notes Payable (due 2025) Common Stock Retained Earnings 874,500 422,000 1,200,000 108,000 73,500 60,000 2,500,000 1,419,700 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: ces a. Received $50,000 cash from customers on 1/1 for subscriptions that had already been earned in 2017. b. Purchased 10 new computer servers for $33,500 on 1/2; paid $10,000 cash and signed a three-year note for the remainder owed. c. Paid $10,000 for an Internet advertisement run on 1/3. d. On January 4, purchased and received $3,000 of supplies on account. e. Received $170,000 cash on 1/5 from customers for service revenue earned in January. f. Paid $3,000 cash to a supplier on January 6. g. On January 7, sold 15,000 subscriptions at $15 each for services provided during January. Half was collected in cash and half was sold on account. h. Paid $378,000 in wages to employees on 1/30 for work done in January. 1. On January 31, received an electric and gas utility bill for $5,350 for January utility services. The bill will be paid in February