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please help me Choose the appropriate accounts to be reported on the income statement. However, you will need to calculate and enter the amount of
please help me 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 loss for the period. Use the dropdowns to select the accounts properly included on the classified balance sheet. You will need to determine and enter the balance of the rnmmnn ctnat... gs accounts in the Stockholders' Equity section. Prepare the journal entries to record the transactions (a) through (1). (If no entry is required for a transaction/event, select "No journal entry required" in the first account fieldi) Journal entry worksheet 456789 Recelved $65,000 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020 . Record the transaction. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Aesuirement: & \begin{tabular}{l} General \\ loumal \end{tabular} & \begin{tabular}{l} General \\ tedper \end{tabular} & Trial Balance & \begin{tabular}{l} Income \\ statement \end{tabular} & \begin{tabular}{l} Stmit of \\ Retained \\ earnings \end{tabular} & Balance Shet: & Aculysis \\ \hline \end{tabular} The ending balance values from the General Ledger tab fows through to the Trial Balance below. Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a manthly subscription of $10 At the start of January 2021, VGC's income statement accounts had zero balances and its batance sheet account balances were as follows: In addition to the above accounts, VGCs chert of accounts includes the following: Service Revenue, Salanes and Wopos Expense, Advertising Expense, and Utilites Expense. The January transactions are thown below: a. Recelved $65,000 cash from customers on va tor subscriptions that had already been eamed and charged on account in 2020 . b. Purchesed 10 new computer servers for $37,900 on 1/2, paid $13,300 cash and signed a three-year note for the remainder owed. c. Paid $17,400 for an internet advertisement that ren today on 1/3 d. On January 4, purchased and recelved $3,200 of supplies on account. e. Received $175,000 cash on 15 from customers for sorvice revenue earned but not previously recorded in January. 2 On January 6 , paid $3,200 cash for supplies purchased on Janusry 4. 9. On January 7 , sold t8.700 subscriptions at $10 each for services provided during January. Haif was collected in cash and hay wos sold on account. h. Paid $325,000 in wages to employees on 1/30 for work done in January. L On January 31 , received an electric and gas utify bili for $5,700 for January utility services. The bill will be paid in Febriary. Cilculate net profit maygin, oxpressed as a percent. (Round your answer fo t decimal place.) Net Profit Margen Prepare the statement of retained earnings for the month ended January 31, 2018. You will need to determine and enter the accounts and balances to prepare the Statement of Retained Earnings. If there are no dividends, include a line that reports Dividends of zero. 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 loss for the period. Use the dropdowns to select the accounts properly included on the classified balance sheet. You will need to determine and enter the balance of the rnmmnn ctnat... gs accounts in the Stockholders' Equity section. Prepare the journal entries to record the transactions (a) through (1). (If no entry is required for a transaction/event, select "No journal entry required" in the first account fieldi) Journal entry worksheet 456789 Recelved $65,000 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020 . Record the transaction. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Aesuirement: & \begin{tabular}{l} General \\ loumal \end{tabular} & \begin{tabular}{l} General \\ tedper \end{tabular} & Trial Balance & \begin{tabular}{l} Income \\ statement \end{tabular} & \begin{tabular}{l} Stmit of \\ Retained \\ earnings \end{tabular} & Balance Shet: & Aculysis \\ \hline \end{tabular} The ending balance values from the General Ledger tab fows through to the Trial Balance below. Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a manthly subscription of $10 At the start of January 2021, VGC's income statement accounts had zero balances and its batance sheet account balances were as follows: In addition to the above accounts, VGCs chert of accounts includes the following: Service Revenue, Salanes and Wopos Expense, Advertising Expense, and Utilites Expense. The January transactions are thown below: a. Recelved $65,000 cash from customers on va tor subscriptions that had already been eamed and charged on account in 2020 . b. Purchesed 10 new computer servers for $37,900 on 1/2, paid $13,300 cash and signed a three-year note for the remainder owed. c. Paid $17,400 for an internet advertisement that ren today on 1/3 d. On January 4, purchased and recelved $3,200 of supplies on account. e. Received $175,000 cash on 15 from customers for sorvice revenue earned but not previously recorded in January. 2 On January 6 , paid $3,200 cash for supplies purchased on Janusry 4. 9. On January 7 , sold t8.700 subscriptions at $10 each for services provided during January. Haif was collected in cash and hay wos sold on account. h. Paid $325,000 in wages to employees on 1/30 for work done in January. L On January 31 , received an electric and gas utify bili for $5,700 for January utility services. The bill will be paid in Febriary. Cilculate net profit maygin, oxpressed as a percent. (Round your answer fo t decimal place.) Net Profit Margen Prepare the statement of retained earnings for the month ended January 31, 2018. You will need to determine and enter the accounts and balances to prepare the Statement of Retained Earnings. If there are no dividends, include a line that reports Dividends of zero
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