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Record the receipt of $170,000 cash from Electronic Arts, Inc. for service earned in the month of January. 2 Record the purchase of 10 new
Record the receipt of $170,000 cash from Electronic Arts, Inc. for service earned in the month of January. 2 Record the purchase of 10 new computer servers for $33,500; paid $10,000 as cash and signed a three year note for the remainder owed 3 4 Record the payment of $10,000 for an Internet advertisement run on Yahoo! in January Record the sale of 15,000 monthly subscriptions at $15 each for services provided during January. Half was collected in cash and half was sold on account. 5
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