Chapter 3 Project a. Recelved $50,000 cash from customers subscriptions that had already been earned in 2009. b. Received $25,000 cash from EA, Inc., for licensing revenue earned in the month of January 2010 c Purchased 10 new computer servers for $33,500; paid $10,000 cash and signed a 3yr note for rest. d. Paid $10,000 for an Internet advertisement run on Yahool In January 2010. e. Sold 15,000 monthly subscriptions at $15 each for services provided during the month of January 2010. Half was collected in cash and half was sold on account. f. Received a utility bill for $7350 for January 2010 utility services. The bill will be paid in Feb. &. Paid $376,000 in wages to employees for work done in January 2010. h. Purchased $3,000 of supplies on account. i. Paid $3000 cash to the suppliers in (h). Chapter 3 Project Unadjunted Trial Balance lanuary 31, 2010 Wages Expense Expense Totals check figure:4,442,0s0 Income Statement For the year ended January 31, 2010 Net Income it is ok that this is negativel Statement of Retained Earnings For the year ended January 31, 2010 RE Plus Net Income Minus Dividends Ending Retained Earnings Balance Sheet 31, 2010 Current Assets: Total Current Assets Total Total Assets should be $4,048,700 (good jobl) Current Liabilties: Accounts Payable Unearned Revenue Total Current Liabilities Notes Payable Total Liabilities Total Stockholders' Equity Total Liabilities & Stockholders Equity should be $4,048,700 (good jobl) Contr Capital