Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of \$11. At. the start of January 2021, VGC's Income statement accounts had zero balances and lts balance sheet account balances 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 Utilitles Expense. The January transactions are shown below: a. Recelved $55,750 cash from customers on 1/1 for subscrlptions that had already been earned and charged on account in 2020 . b. Purchased 10 new computer servers for $35,400 on 1/2; paid $14,300 cash and signed a three-year note for the remalnder owed. c. Paid $11,000 for an Internet advertisement run on 1/3. d. On January 4 , purchased and recelved $3,600 of supples on account. e. Recelved $240,000 cash on 1/5 from customers for service revenue earned in January. f. On January 6 , paid $3,600 cash for supplies purchased on January 4 . g. On January 7 , sold 11,200 subscriptions at $11 each for services provided during January. Half was collected In cash and half was sold on account. h. Pald $340,000 in wages to employees on 1/30 for work done in January. 1. On January 31 , recelved an electrlc and gas utility bill for $5,570 for January utility services. The bill will be paid in February. Choose the appropriate accounts to be reported on the income statement. However, you will need to calculate and enter the amount of the net income or loss for the period. Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of \$11. At. the start of January 2021, VGC's Income statement accounts had zero balances and its balance sheet account balances were as follows: In addltion to the above accounts, VGC's chart of accounts includes the following: Service Revenue, Salarles and Wages Expense, Advertlsing Expense, and Utilitles Expense. The January transactions are shown below: a. Recelved $55,750 cash from customers on 1/1 for subscrlptions that had already been earned and charged on account in 2020 . b. Purchased 10 new computer servers for $35,400 on 1/2; paid $14,300 cash and signed a three-year note for the remainder owed. c. Pald $11,000 for an Internet advertisement run on 1/3. d. On January 4 , purchased and recelved $3,600 of supples on account. e. Recelved $240,000 cash on 1/5 from customers for service revenue earned in January. f. On January 6 , paid $3,600 cash for supplies purchased on January 4 . g. On January 7 , sold 11,200 subscriptions at $11 each for services provided during January. Half was collected In cash and half was sold on account. h. Paid $340,000 in wages to employees on 1/30 for work done in January. 1. On January 31, recelved an electrlc and gas utlilty bill for $5,570 for January utility services. The bill will be paid in February. Prepare the statement of retained earnings for the month ended January 31, 2018. You will need to determine and enter the accounts and balances to prepare the Statement of Retained Eamings. If there are no dividends, include a line that reports Dividends of zero. Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $11. At. the start of January 2021, VGC's Income statement accounts had zero balances and Its balance sheet account balances were as follows: In addltion to the above accounts, VGC's chart of accounts includes the following: Service Revenue, Salarles and Wages Expense, Advertising Expense, and Utilitles Expense. The January transactions are shown below: a. Recelved $55,750 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 $35,400 on 1/2; paid $14,300 cash and signed a three-year note for the remainder owed. c. Paid $11,000 for an Internet advertisement run on 1/3 d. On January 4 , purchased and recelved $3,600 of supplies on account. e. Recelved $240,000 cash on 1/5 from customers for service revenue earned in January. f. On January 6 , paid $3,600 cash for supplies purchased on January 4 . g. On January 7 , sold 11,200 subscriptions at $11 each for services provided during January. Half was collected In cash and half was sold on account. h. Paid $340,000 in wages to employees on 1/30 for work done ln January. 1. On January 31 , recelved an electrlc and gas utility bill for $5,570 for January utility services. The bill will be paid in February. Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of \$11. At. the start of January 2021, VGC's Income statement accounts had zero balances and lts balance sheet account balances 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 Utilitles Expense. The January transactions are shown below: a. Recelved $55,750 cash from customers on 1/1 for subscrlptions that had already been earned and charged on account in 2020 . b. Purchased 10 new computer servers for $35,400 on 1/2; paid $14,300 cash and signed a three-year note for the remalnder owed. c. Paid $11,000 for an Internet advertisement run on 1/3. d. On January 4 , purchased and recelved $3,600 of supples on account. e. Recelved $240,000 cash on 1/5 from customers for service revenue earned in January. f. On January 6 , paid $3,600 cash for supplies purchased on January 4 . g. On January 7 , sold 11,200 subscriptions at $11 each for services provided during January. Half was collected In cash and half was sold on account. h. Pald $340,000 in wages to employees on 1/30 for work done in January. 1. On January 31 , recelved an electrlc and gas utility bill for $5,570 for January utility services. The bill will be paid in February. Choose the appropriate accounts to be reported on the income statement. However, you will need to calculate and enter the amount of the net income or loss for the period. Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of \$11. At. the start of January 2021, VGC's Income statement accounts had zero balances and its balance sheet account balances were as follows: In addltion to the above accounts, VGC's chart of accounts includes the following: Service Revenue, Salarles and Wages Expense, Advertlsing Expense, and Utilitles Expense. The January transactions are shown below: a. Recelved $55,750 cash from customers on 1/1 for subscrlptions that had already been earned and charged on account in 2020 . b. Purchased 10 new computer servers for $35,400 on 1/2; paid $14,300 cash and signed a three-year note for the remainder owed. c. Pald $11,000 for an Internet advertisement run on 1/3. d. On January 4 , purchased and recelved $3,600 of supples on account. e. Recelved $240,000 cash on 1/5 from customers for service revenue earned in January. f. On January 6 , paid $3,600 cash for supplies purchased on January 4 . g. On January 7 , sold 11,200 subscriptions at $11 each for services provided during January. Half was collected In cash and half was sold on account. h. Paid $340,000 in wages to employees on 1/30 for work done in January. 1. On January 31, recelved an electrlc and gas utlilty bill for $5,570 for January utility services. The bill will be paid in February. Prepare the statement of retained earnings for the month ended January 31, 2018. You will need to determine and enter the accounts and balances to prepare the Statement of Retained Eamings. If there are no dividends, include a line that reports Dividends of zero. Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $11. At. the start of January 2021, VGC's Income statement accounts had zero balances and Its balance sheet account balances were as follows: In addltion to the above accounts, VGC's chart of accounts includes the following: Service Revenue, Salarles and Wages Expense, Advertising Expense, and Utilitles Expense. The January transactions are shown below: a. Recelved $55,750 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 $35,400 on 1/2; paid $14,300 cash and signed a three-year note for the remainder owed. c. Paid $11,000 for an Internet advertisement run on 1/3 d. On January 4 , purchased and recelved $3,600 of supplies on account. e. Recelved $240,000 cash on 1/5 from customers for service revenue earned in January. f. On January 6 , paid $3,600 cash for supplies purchased on January 4 . g. On January 7 , sold 11,200 subscriptions at $11 each for services provided during January. Half was collected In cash and half was sold on account. h. Paid $340,000 in wages to employees on 1/30 for work done ln January. 1. On January 31 , recelved an electrlc and gas utility bill for $5,570 for January utility services. The bill will be paid in February