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Vanishing Games Corporation (VGC) operates a massively multiplayer online game. charging players a monthly subscription of $12 At the start of January 2021, VGC's income

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Vanishing Games Corporation (VGC) operates a massively multiplayer online game. charging players a monthly subscription of $12 At the start of January 2021, VGC's income statement accounts had zero balances and is balance sheet account balances were as follows: In addition to the above accounts, VGC's chart of occocnts includes the followng. Service Revenue, Salaries and Woges Expense, Advertising Expense, and Uulinies Expense. The January transactions are shown below a. Received $65.250 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 $34,600 on 1/2 poid $14,400 cash and signed a three-year note for the remainder owed. c. Paid $12600 for an internet adverticement run on 1/3 d. On January 4, purchased and roceived $3,300 of supplies on occount e. Received $215,000 casti on 1/5 from customers for servec rovenue gained in January. t On January 6 , paid $3.300 cash for supplies purchased on lenuary 4 g On Jonuary 7 , sold 19200 subscriptions at $12 oach for seiveces provided during Janvary. Halt wos collected in casti and haif was sold on accocint. h. Paid $420,000 in weges to employees on 1/30 for work done in Janclaty ir On January 31 , recolved an electnc and gas utity bill for $5,250 for Jonugcy uthity services, The bill will be paid in February General Journal tab - Prepare the journal entries to record the transactions (a) through (i). Review the accounts as shown in the General Ledger and Trial Ealance tabs. General Ledger tab - Each journal entry is posted automatically to the general ledger Trial Balance tab. The ending balance values from the General Ledger tab flows through to the Trial Balance tab. Income Statement tab-Use the drop-down to select the accounts properly included on the income statement. Statement of Retained Eamings tab - Prepare the statement of retained earnings for the month ended lanuary 31,2021. If there are no dividends, include a line that reports Dividends of zero. Balance Sheet tab - Prepare a classified Balance Sheet at January 31, 2021. Analysis tab - Calculate net profit margin, expressed as a percent

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