** Prepare journal entries for the January transactions **

a - Record the $63,000 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020.

b - Record the purchase of 10 new computer servers for $36,000 on 1/2; paid $19,300 cash and signed a three-year note for the remainder owed.

c - Record the payment of $19,300 for an Internet advertisement run on 1/3.

d - Record the purchases of $5,450 of supplies on account.

e - Record the receipt of $230,000 cash on 1/5 from customers for service revenue earned in January.

f - Record the payment of $5,450 cash to a supplier on January 6.

g - Record the sale of 13,400 subscriptions at $15 each for services provided during January for which 50% collected in cash and balance on account.

h - Record the payment of $400,000 in wages to employees on 1/30 for work done in January.

i - Record the electric and gas utility bill for $6,100 for January utility services to be paid in February.

Required information [The following information applies to the questions displayed below) Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $15. At the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Canh $ 1,830,000 Accounts Receivable 242,000 Supplies 23,100 Equipment 969,000 Buildings 451,000 1,970,000 Accounts Payable 199,000 Deferred Revenue 112,000 Notes Payable (due 2025) 141,000 Common Stock 2,100,000 Retained Earnings 2,933, 100 Land In addition to the above accounts, VGC's chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense. The following transactions occurred during the January month: 3. Received $63,000 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 $36,000 on 12: paid $19,300 cash and signed a three-year note for the remainder owed. c. Pald $19,300 for an Internet advertisement run on 13 d. On January 4, purchased and received $5,450 of supplies on account e. Received $230,000 cash on 1/5 from customers for service revenue earned in January On January 6, paid $5,450 cash for supplies purchased on January 4. g. On January 7, sold 13,400 subscriptions at $15 each for services provided during January. Half was collected in cash and half was sold on account. n. Pald $400,000 in wages to employees on 130 for work done in January 1. On January 31, received an electric and gas utility bill for $6,100 for January utility services. The bill will be paid in February