Vanishing Games Corporation $($VGC$)$ operates a massively multiplayer online 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 balances were as follows:

Cash $ $2,080,000$

Accounts Receivable $175,000$

Supplies $20,100$

Equipment $967,000$

Buildings $445,000$

Land $1,590,000$

Accounts Payable $206,000$

Deferred Revenue $118,000$

Notes Payable $($due $2025)68,000$

Common Stock $2,600,000$

Retained Earnings $2,285,100$

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:

Received $$56,500$ cash from customers on $1/1$ for subscriptions that had already been earned and charged on account in $2020.$

Purchased $10$ new computer servers for $$35,200$ on $1/2$; paid $$12,800$ cash and signed a three$-$year note for the remainder owed.

Paid $$15,000$ for an Internet advertisement that ran today on $1/3.$

On January $4,$ purchased and received $$4,800$ of supplies on account.

Received $$155,000$ cash on $1/5$ from customers for service revenue earned but not previously recorded in January.

On January $6,$ paid $$4,800$ cash for supplies purchased on January $4.$

On January $7,$ sold $15,700$ subscriptions at $$14$ each for services provided during January. Half was collected in cash and half was sold on account.

Paid $$350,000$ in wages to employees on $1/30$ for work done in January.

On January $31,$ received an electric and gas utility bill for $$6,350$ for January utility services. The bill will be paid in February.

Enter the beginning balances shown above in the following T$-$accounts and post the journal entries.