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please help Requlred Information [The following information applies to the questions displayed below. Vanishing Games Corporation (VGC) operates a massively multuplayer online game, charging players
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Requlred Information [The following information applies to the questions displayed below. Vanishing Games Corporation (VGC) operates a massively multuplayer online game, charging players a monthly subscription of $12. At 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 accounts, VGC's chart of accounts includes the following: Service Revenue, Salaries and Wages Expense. Advertising Expense, and Utilties Expense. The following transactions occurred during the January month: a. Recelved $65.250 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 $34.600 on 1/2. paid $14.400 cash and signed a three-year note for the remainder owed. C Paid $12.600 for an internet advertisement run on 1/3 d. On January 4. purchased and recelved $3.300 of supplies on account e. Recelved $215.000 cash on 1/5 from customers for service revenue earned in January. fon January 6. pald $3,300 cash for supplies purchased on January 4 9. On January 7, sold 19,200 subscriptions at $12 each for cervices provided during January. Half was collected in cash and haif was sold on account. h. Paid $420,000 in wages to employees on 1/30 for work done in January. LOn January 31 , recelved an electric and gas utility bill for $5,250 for January utility services. The bill will be paid in February. 4. Prepare an unadjusted trial balance as of January 31,2021 Step by Step Solution
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