General Requirement General Income Stmt of Journal Ledger Trial Balance Statement Retained Balance Sheet Analysis Farrings Choose the appropriate accounts to be reported on the income statement. However, you will need to calculate and enter the amount of the net income or less for the period. VANISHING GAMES CORPORATION Income State For the Month Ende 1.2001 5 1 0 6 Tilal Balance Sant of Retaimed einge Varis Games Corporation (VG) operates a massively multiplayer online game charging players a monthly scription of 13. AL the start of January 2021 Vincome statement accounts had zero balances and its balance sheet account balances were as follows Cash $ 1.0 Active 194.60 Sple 15.100 ant 30,00 110.000 LAN 3,000.00 Accountant 111,000 Deferred Revenue 14.00 Notes Pie (2015) 54.00 Code 3.500.00 Betalne tarning 3.450, In addition to the above accounts, VGC chart of accounts Indudes the following Service Revenue, Salaries and Wages Expense Advertising Expense and Us Expense The January transactions are shown below a Received 557750 cash from customers on 11 for subscriptions that had already been urned and charged on account in 2020 b. Purchased 10 new computer servers for S41500 on 12. ad S11500 cash and seda veevar note for the remainder owed Paid $14.300 for an et advertisement runs on 3 On January 4 purchased and received 55,300 of supplies on account e Received $150.000 cash on 15 from customers for service revenue and in January On January 6, pad 55.300 cash for supplies purchased on January 4 On January 219.900 subscbons at teach for services provided during January Hat was collected in cash and hair was sold on account n. Pald $380.000 inweges to employees on 130 for work done any On January received an electric and gas to be for $6.260 for any services. The be will be paid in February Vanishing Games Corporation (VGC) operates a massively multiplayer online game charging players a monthly subscription of $13. At the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows Cash $ 1.000.000 Accounts Receivable 174,000 Supplies 35,00 Equipment 950.000 Buliding 510,000 Land 2.050.000 Accounts Payable 119.000 Deferred Revenue 14,000 Notes Payable (de 2025) 94,000 Common Stock 2.500.000 Metalsed tarning 2,490.00 In addition to the above accounts, VGC's chart of accounts includes the following Service Revenue, Satarles and Wopes Expense, Advertising Expense, and Utilities Expense The January transactions are shown below a Recewed 557,750 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 $41500 on 1/2 paid $11,500 cash and signed a three year note for the remainder owed cPaid $14.300 for an internet advertisement run on 1/3 d on January 4 purchased and received $5.300 of supplies on account e. Received $150,000 cash on 1/5 from customers for service revenue earned in January On January 6, paid $5,300 cash for supplies purchased on January 4 9. On January 7 sold 19.900 subscriptions at $13 each for services provided during January, Half was collected in cash and half was Sold on account n. Paid 5380,000 in wages to employees on 1/30 for work done in January On January 31, received an electric and gas utility bill for $6.260 for Januaryty services. The bill wil be paid in February General Bwirement Den Jour olans BS ng Choose the appropriate account te word on the income statement you will need to calculate and the amount of the income oss for the period VARING GAMES COUPORATION Fow Wind General Requirement General Income Stmt of Journal Ledger Trial Balance Statement Retained Balance Sheet Analysis Farrings Choose the appropriate accounts to be reported on the income statement. However, you will need to calculate and enter the amount of the net income or less for the period. VANISHING GAMES CORPORATION Income State For the Month Ende 1.2001 5 1 0 6 Tilal Balance Sant of Retaimed einge Varis Games Corporation (VG) operates a massively multiplayer online game charging players a monthly scription of 13. AL the start of January 2021 Vincome statement accounts had zero balances and its balance sheet account balances were as follows Cash $ 1.0 Active 194.60 Sple 15.100 ant 30,00 110.000 LAN 3,000.00 Accountant 111,000 Deferred Revenue 14.00 Notes Pie (2015) 54.00 Code 3.500.00 Betalne tarning 3.450, In addition to the above accounts, VGC chart of accounts Indudes the following Service Revenue, Salaries and Wages Expense Advertising Expense and Us Expense The January transactions are shown below a Received 557750 cash from customers on 11 for subscriptions that had already been urned and charged on account in 2020 b. Purchased 10 new computer servers for S41500 on 12. ad S11500 cash and seda veevar note for the remainder owed Paid $14.300 for an et advertisement runs on 3 On January 4 purchased and received 55,300 of supplies on account e Received $150.000 cash on 15 from customers for service revenue and in January On January 6, pad 55.300 cash for supplies purchased on January 4 On January 219.900 subscbons at teach for services provided during January Hat was collected in cash and hair was sold on account n. Pald $380.000 inweges to employees on 130 for work done any On January received an electric and gas to be for $6.260 for any services. The be will be paid in February Vanishing Games Corporation (VGC) operates a massively multiplayer online game charging players a monthly subscription of $13. At the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows Cash $ 1.000.000 Accounts Receivable 174,000 Supplies 35,00 Equipment 950.000 Buliding 510,000 Land 2.050.000 Accounts Payable 119.000 Deferred Revenue 14,000 Notes Payable (de 2025) 94,000 Common Stock 2.500.000 Metalsed tarning 2,490.00 In addition to the above accounts, VGC's chart of accounts includes the following Service Revenue, Satarles and Wopes Expense, Advertising Expense, and Utilities Expense The January transactions are shown below a Recewed 557,750 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 $41500 on 1/2 paid $11,500 cash and signed a three year note for the remainder owed cPaid $14.300 for an internet advertisement run on 1/3 d on January 4 purchased and received $5.300 of supplies on account e. Received $150,000 cash on 1/5 from customers for service revenue earned in January On January 6, paid $5,300 cash for supplies purchased on January 4 9. On January 7 sold 19.900 subscriptions at $13 each for services provided during January, Half was collected in cash and half was Sold on account n. Paid 5380,000 in wages to employees on 1/30 for work done in January On January 31, received an electric and gas utility bill for $6.260 for Januaryty services. The bill wil be paid in February General Bwirement Den Jour olans BS ng Choose the appropriate account te word on the income statement you will need to calculate and the amount of the income oss for the period VARING GAMES COUPORATION Fow Wind