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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 its 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 Utilities Expense. The January transactions are shown below: a. Recelved $55,250 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 $39,600 on 1/2; paid $11,000 cash and signed a three-year note for the remainder owed c. Paid $18,700 for an Internet advertisement run on 1/3. d. On January 4 , purchased and recelved $5,000 of supplies on account. e. Received $185.000 cash on 1/5 from customers for service revenue earned in January. f. On January 6 , paid $5,000 cash for supplies purchased on January 4. 9. On January 7, sold 13,200 subscriptions at $12 each for services provided during January. Half was collected in cash and haif was sold on account. h. Paid $315,000 in wages to employees on 1/30 for work done in January. LOn January 31, received on electric and gas utility bill for $5,980 for January utiity services. The bill will be paid in February. General Journal tab - Prepare the journal entries to record the transactions (a) through (1). Review the accounts as shown in the General Ledger and Trial Balance 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 Earnings tab - Prepare the statement of retained eamings for the month ended January 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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