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[The following information applies to the questions displayed below] Vanishing Games Corporation (VGC) operates a massively multiplayer onilne game, charging players a monthly subscription of

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[The following information applies to the questions displayed below] Vanishing Games Corporation (VGC) operates a massively multiplayer onilne game, charging players a monthly subscription of \$14. At the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account baiances were as follows: In addition to the above accounts, VGC's chart of accounts includes the following Service Revenue, Salarles and Wages Expense, Advertising Expense, and Utilties Expense. The following transactions occurred during the January month: a. Receved $66,750 cash from customers on 1/1 for subscriptions that had already been eamed and charged on account ln2020. b. Purchased 10 new computer servers for $36.400 on 12 : paid $15.700 cash and signed a three-year note for the remainder owed c. Pald $11.700 for an internet advertisement run on 1/3. d. On January 4 . purchased and recetved $5.400 of supplies on account. e. Recelved $210,000 cash on 1/5 from customers for service revenue eamed in January. t On January 6 , paid $5,400 cash for suppies purchased on January 4 g. On January 7, sold 11,700 subscriptions at $14 each for services provided during January. Haif was collected in cash and half was sold on account. h. Paid 5350,000 in wages to employees on 130 for work done in January. 1. On January 31, received an electicic and gas utility bili for $6,210 for January utility services. The bill will be paid in Feorsary. 1. Analyze the effect of the January transactions on the accounting equation, and indicate the account, amount, and direction of the effect of each transaction. (Enter sny decreeses to Assets, Llabilites, and Stockholder's Equlty with a minus slgn.)

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