Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $14. At the start of January 2015, VGCs income statement accounts had zero balances and its balance sheet account balances were as follows:

Cash	$	1,730,000
Accounts Receivable		188,000
Supplies		15,200
Equipment		921,000
Land		1,790,000
Building		508,000
Accounts Payable		153,000
Unearned Revenue		163,000
Notes Payable (due 2018)		124,000
Common Stock		2,900,000
Retained Earnings		1,812,200

In addition to the above accounts, VGCs chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense.

Transaction list:

Record the receipt of $66,750 cash from customers for subscriptions that had already been earned in 2014.

Record the receipt of $210,000 cash from Electronic Arts, Inc. for service earned in the month of January.

Record the purchase of 10 new computer servers for $36,400; paid $15,700 as cash and signed a three year note for the remainder owed.

Record the payment of $11,700 for an Internet advertisement run on Yahoo! in January.

Record the sale of 11,700 monthly subscriptions at $14 each for services provided during January. Half was collected in cash and half was sold on account.

Record the receipt of an electric and gas utility bill for $6,210 for January utility services. The bill will be paid in February.

Record the payment of $350,000 in wages to employees for work done in January.

Record the purchase $5,400 of supplies on account.

Record the payment of $5,400 cash to the supplier in (h).

2. Prepare journal entries for the January transactions listed in part 1, using the letter of each transaction as a reference.

3. Create T-accounts, enter the beginning balances shown above, post the journal entries to the T-accounts, and show the unadjusted ending balances in the T-accounts.

4. Prepare an unadjusted trial balance as of January 31, 2015.

5. Prepare an Income Statement for the month ended January 31, 2015, using unadjusted balances from part 4. 6. Prepare a Statement of Retained Earnings for the month ended January 31, 2015, using the beginning balance given above and the net income from part 5. Assume VGC has no dividends. 7. Prepare a classified Balance Sheet at January 31, 2015, using your response to part 6. I HAVE ALREADY DONE SOME QUESTIONS, I JUST NEED NUMBERS 3 AND 7.