! Required Information [The following information applies to the questions displayed below.] Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its Income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Buildings $ 7,850 Accounts Payable 15,000 Deferred Revenue (deposits) 2,188 Notes Payable (long-term) 9,500 Common Stock 8,400 Retained Earnings 28,400 $ 10,300 4,400 41,500 10,000 5,050 Following are the January transactions: a. Received a $690 deposit from a customer who wanted her plano rebuilt in February. b. Rented a part of the building to a bicycle repair shop: $350 rent received for January. c. Delivered five rebuilt planos to customers who paid $15,050 in cash. d. Delivered two rebuilt planos to customers for $7,700 charged on account. e. Received $6,350 from customers as payment on their accounts. f. Received an electric and gas utility bill for $765 for January services to be paid in February. g. Ordered $900 in supplies. h. Paid $2,450 on account In January. I. Paid $10,900 In wages to employees in January for work done this month. J. Received and paid cash for the supplies in /g/ 3. Post the journal entries to the T-accounts. Show the beginning and unadjusted ending balances in the T-accounts. 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 $13. At the start of January 2021, VGC's Income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Buildings Land $ 2,000,000 187,000 23,900 886,000 463,000 1,660,000 Accounts Payable Deferred Revenue Notes Payable (due 2025) Common Stock Retained Earnings 130,000 88,000 70,000 2,300,000 2,631,900 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: a. Received $70,000 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 $31,500 on 1/2; paid $16,500 cash and signed a three-year note for the remainder owed. c. Paid $16,200 for an Internet advertisement run on 1/3. d. On January 4, purchased and received $3,900 of supplies on account. e. Received $190,000 cash on 1/5 from customers for service revenue earned In January. f. On January 6, paid $3,900 cash for supplies purchased on January 4. g. On January 7, sold 19,300 subscriptions at $13 each for services provided during January. Half was collected in cash and half was sold on account. h. Paid $400,000 in wages to employees on 1/30 for work done in January. 1. On January 31, received an electric and gas utility bill for $6,010 for January utility services. The bill will be paid in February. 2. Prepare journal entries for the January transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet