Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $10. At the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 1,810,000 Accounts Receivable 224,000 Supplies 23,400 Equipment 916,000 Buildings 446,000 Land 1,950,000 Accounts Payable 120,000 Deferred Revenue 91,000 Notes Payable (due 2025) 159,000 Common Stock 2,600,000 Retained Earnings 2,399,400 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: a. Received $68,500 cash from customers on 11 for subscriptions that had already been earned and charged on account in 2020 b. Purchased 10 new computer servers for $30,800 on 12: paid $19,900 cash and signed a three-year note for the remainder owed, c. Paid $17100 for an internet advertisement run on 1/3 d. On January 4, purchased and received $3,350 of supplies on account c. Received $205,000 cash on 15 from customers for service revenue earned in January On January 6, paid $3,350 cash for supplies purchased on January 4. 9. On January 7, sold 19,400 subscriptions at $10 each for services provided during January. Half was collected in cash and half was sold on account h. Paid $360,000 in wages to employees on 1/30 for work done in January 1. On January 31, received an electric and gas utility bill for $6,180 for January utility services. The bill will be paid in February 1. Analyze the effect of the January transactions on the accounting equation, and indicate the account amount and direction of the effect of each transaction (Enter any decreases to Assets, Liabilities, and Stockholder's Equity with a minus sign.) Assets Liabilities Stockholders'Equity a b b d 0 . Prey 1 of 2 Next >