VANISHING GAMES CORPORATION Balance Sheet At January 31, 2021 Calculate net profit margin, expressed as a percent. (Round your answer to 1 decimal place.) Net Profit Margin % VANISHING GAMES CORPORATION Trial Balance January 31,2021 \begin{tabular}{|c|c|c|c|} \hline & & Dobit & Credit \\ \hline Q Cash & $ & 2,360,000 & \\ \hline Accounts Receivable & & 152,000 & \\ \hline Q Supplies & & 19,100 & \\ \hline * Land & & 1,920,000 & \\ \hline Buildings & & 506,000 & \\ \hline Equipment & & 948,000 & \\ \hlineQAccountsPayabie & & & 109,000 \\ \hline Deferred Revenue & & & 152,000 \\ \hline Dotes Payabie (long-term) & & & 80,000 \\ \hline Q Common Stock & & & 2,200,000 \\ \hline Pretained Eamings & & & 3,364,100 \\ \hline Total & 5 & 5,905,100,5 & 5,905,100 \\ \hline \end{tabular} Janishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $10. 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 Utilities Expense. The January transactions are shown below: a. Received $52,250 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 $41,900 on 1/2; paid $12,000 cash and signed a three-year note for the remainder owed. c. Paid $15,600 for an internet advertisement that ran today on 1/3. d. On January 4, purchased and recelved $5,100 of supplies on account. e. Recelved $235.000 cash on 1/5 from customers for service revenue earned but not previously recorded in January. f. On January 6 . paid $5,100 cash for supplies purchased on January 4 . 9. On January 7, sold 10,100 subscriptions at $10 each for services provided during January. Half was collected in cash and half was sold on account. h. Paid $310,000 in wages to empioyees on 1/30 for work done in January. 1. On January 31, recelved an electric and gas utility bill for $5,900 for January utility services. The bill will be paid in February. \begin{tabular}{|l|} \hline VANISHING GAMES CORPORATION \\ Statement of Retained Earnings \\ For the Month Ended January 31, 2021 \\ Retained Earnings, January 1, 2021 \\ \hline \\ \hline Retained Earnings, January 31, 2021 \\ \hline \end{tabular} Journal entry worksheet 56789 Received $52,250 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020. Record the transaction. Note: Enter debits before credits. VANISHING GAMES CORPORATION Income Statement For the Month Ended January 31, 2021 General Ledaer Account VANISHING GAMES CORPORATION Balance Sheet At January 31, 2021 Calculate net profit margin, expressed as a percent. (Round your answer to 1 decimal place.) Net Profit Margin % VANISHING GAMES CORPORATION Trial Balance January 31,2021 \begin{tabular}{|c|c|c|c|} \hline & & Dobit & Credit \\ \hline Q Cash & $ & 2,360,000 & \\ \hline Accounts Receivable & & 152,000 & \\ \hline Q Supplies & & 19,100 & \\ \hline * Land & & 1,920,000 & \\ \hline Buildings & & 506,000 & \\ \hline Equipment & & 948,000 & \\ \hlineQAccountsPayabie & & & 109,000 \\ \hline Deferred Revenue & & & 152,000 \\ \hline Dotes Payabie (long-term) & & & 80,000 \\ \hline Q Common Stock & & & 2,200,000 \\ \hline Pretained Eamings & & & 3,364,100 \\ \hline Total & 5 & 5,905,100,5 & 5,905,100 \\ \hline \end{tabular} Janishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $10. 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 Utilities Expense. The January transactions are shown below: a. Received $52,250 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 $41,900 on 1/2; paid $12,000 cash and signed a three-year note for the remainder owed. c. Paid $15,600 for an internet advertisement that ran today on 1/3. d. On January 4, purchased and recelved $5,100 of supplies on account. e. Recelved $235.000 cash on 1/5 from customers for service revenue earned but not previously recorded in January. f. On January 6 . paid $5,100 cash for supplies purchased on January 4 . 9. On January 7, sold 10,100 subscriptions at $10 each for services provided during January. Half was collected in cash and half was sold on account. h. Paid $310,000 in wages to empioyees on 1/30 for work done in January. 1. On January 31, recelved an electric and gas utility bill for $5,900 for January utility services. The bill will be paid in February. \begin{tabular}{|l|} \hline VANISHING GAMES CORPORATION \\ Statement of Retained Earnings \\ For the Month Ended January 31, 2021 \\ Retained Earnings, January 1, 2021 \\ \hline \\ \hline Retained Earnings, January 31, 2021 \\ \hline \end{tabular} Journal entry worksheet 56789 Received $52,250 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020. Record the transaction. Note: Enter debits before credits. VANISHING GAMES CORPORATION Income Statement For the Month Ended January 31, 2021 General Ledaer Account