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Prepare the journal entries to record the transactions (a) through (i). (If no entry is required f entry required" in the first account field.) 1 Received $62,500 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020. Record the transaction. 2 Purchased 10 new computer servers for $41,100 on 1/2; paid $12,200 cash and signed a three-year note for the remainder owed. Record the transaction. 3 Paid $13,400 for an Internet advertisement run in 1/3. Record the transaction. Credit 4 On January 4, purchased and received $5,750 of supplies on account. Record the transaction. 5 Received $210,000 cash on 1/5 from customers for antry required in the first atcount neid.) Journal entry worksheet 7 8 9 Recelved $210,000 cash on 1/5 from customers for service revenue earned in January. Record the transaction. Nate: Enter debits before credits. ntry required" in the first atcount field.) Journal entry worksheet 1. 23 4 7 8 Paid $5,750 cash to a supplier on January 6 . Record the transaction. Note: Enter debits before credits. Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of \$11. A the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: In addition to the above occounts, VGC's chart of accounts includes the following: Service Revenue, Salaries and Wages Expense. Advertising Expense, and Uilities Expense. The January transactions are shown below: a. Received $62,500 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 $41,100 on 1/2; paid $12,200 cash and signed a three-year note for the remainder owed. c. Paid $13,400 for an Internet advertisement that ran today on 1/3. d. On January 4 , purchased and recelved $5,750 of supplies on account. e. Recelved $210,000 cash on 1/5 from customers for service revenue earned but not previously recorded in January. t On January 6 , paid $,750 cash for supplies purchased on January 4 . 9. On January 7, sold 12,300 subscriptions at $11 each for services provided during January. Half was collected in cash and half was sold on account. h. Paid $320,000 in wages to employees on 1/30 for work done in January. i. On January 31, recelved an electric and gas utility bill for $5.520 for January utility services. The bill will be paid in February. entry required in the first account tield.) Journal entry worksheet 7 8 9 On January 4, purchased and received $5,750 of supplies on account. Record the transaction. Note: Enter debits before credits. 5. Received $210,000 cash on 1/5 from customers for service regenue earned in January. Record the transaction. 6 Paid $5,750 cash to a supplier on January 6 . Record the transaction. 7 On January 7 , sold 12,300 subscriptions at $11 each for services provided during January. Half cash and half was sold on account. Record the transaction. 8 Paid $320,000 in wages to employees on 1/30 for work done in January. Record the transaction. Note : = journal entry has been entered Prepare the journal entries to record the transactions (a) through (i). (If no entry is required f entry required" in the first account field.) 1 Received $62,500 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020. Record the transaction. 2 Purchased 10 new computer servers for $41,100 on 1/2; paid $12,200 cash and signed a three-year note for the remainder owed. Record the transaction. 3 Paid $13,400 for an Internet advertisement run in 1/3. Record the transaction. Credit 4 On January 4, purchased and received $5,750 of supplies on account. Record the transaction. 5 Received $210,000 cash on 1/5 from customers for antry required in the first atcount neid.) Journal entry worksheet 7 8 9 Recelved $210,000 cash on 1/5 from customers for service revenue earned in January. Record the transaction. Nate: Enter debits before credits. ntry required" in the first atcount field.) Journal entry worksheet 1. 23 4 7 8 Paid $5,750 cash to a supplier on January 6 . Record the transaction. Note: Enter debits before credits. Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of \$11. A the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: In addition to the above occounts, VGC's chart of accounts includes the following: Service Revenue, Salaries and Wages Expense. Advertising Expense, and Uilities Expense. The January transactions are shown below: a. Received $62,500 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 $41,100 on 1/2; paid $12,200 cash and signed a three-year note for the remainder owed. c. Paid $13,400 for an Internet advertisement that ran today on 1/3. d. On January 4 , purchased and recelved $5,750 of supplies on account. e. Recelved $210,000 cash on 1/5 from customers for service revenue earned but not previously recorded in January. t On January 6 , paid $,750 cash for supplies purchased on January 4 . 9. On January 7, sold 12,300 subscriptions at $11 each for services provided during January. Half was collected in cash and half was sold on account. h. Paid $320,000 in wages to employees on 1/30 for work done in January. i. On January 31, recelved an electric and gas utility bill for $5.520 for January utility services. The bill will be paid in February. entry required in the first account tield.) Journal entry worksheet 7 8 9 On January 4, purchased and received $5,750 of supplies on account. Record the transaction. Note: Enter debits before credits. 5. Received $210,000 cash on 1/5 from customers for service regenue earned in January. Record the transaction. 6 Paid $5,750 cash to a supplier on January 6 . Record the transaction. 7 On January 7 , sold 12,300 subscriptions at $11 each for services provided during January. Half cash and half was sold on account. Record the transaction. 8 Paid $320,000 in wages to employees on 1/30 for work done in January. Record the transaction. Note : = journal entry has been entered