Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $15. At the start of January 2021, VGCs income statement accounts had zero balances and its balance sheet account balances were as follows:

Cash	$ 2,220,000
Accounts Receivable	225,000
Supplies	20,600
Equipment	919,000
Buildings	479,000
Land	1,770,000
Accounts Payable	117,000
Deferred Revenue	109,000
Notes Payable (due 2025)	132,000
Common Stock	2,500,000
Retained Earnings	2,775,600

In addition to the above accounts, VGCs chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense. The January transactions are shown below:

1. Received $51,250 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020.
2. Purchased 10 new computer servers for $38,800 on 1/2; paid $18,000 cash and signed a three-year note for the remainder owed.
3. Paid $18,400 for an Internet advertisement run on 1/3.
4. On January 4, purchased and received $3,800 of supplies on account.
5. Received $200,000 cash on 1/5 from customers for service revenue earned in January.
6. On January 6, paid $3,800 cash for supplies purchased on January 4.
7. On January 7, sold 10,300 subscriptions at $15 each for services provided during January. Half was collected in cash and half was sold on account.
8. Paid $320,000 in wages to employees on 1/30 for work done in January.
9. On January 31, received an electric and gas utility bill for $6,070 for January utility services. The bill will be paid in February.

Each journal entry is posted automatically to the general ledger. General Ledger Account Cash Accounts Receivable No. Debit Credit No. Debit Credit Date January 01 Balance 2,220,000 Date January 01 Balance 225,000 Supplies Land No. Date Debit Credit No. Date Debit Credit Balance 20,600 Balance 1,770,000 January 01 January 01 Buildings Equipment No. Debit Credit Balance No. Date Debit Credit Balance Date January 01 479,000 January 01 919,000 Accounts Payable Deferred Revenue No. Date Debit Credit Balance No. Date Debit Credit Balance January 01 117,000 109,000 Notes Payable (long-term) Common Stock No. Date Debit Credit No. Date Debit Credit Balance 132,000 Balance 2,500,000 January 01 January 01 Retained Earnings No. Debit Credit Date January 01 Balance 2,775,600 Each journal entry is posted automatically to the general ledger. General Ledger Account Cash Accounts Receivable No. Debit Credit No. Debit Credit Date January 01 Balance 2,220,000 Date January 01 Balance 225,000 Supplies Land No. Date Debit Credit No. Date Debit Credit Balance 20,600 Balance 1,770,000 January 01 January 01 Buildings Equipment No. Debit Credit Balance No. Date Debit Credit Balance Date January 01 479,000 January 01 919,000 Accounts Payable Deferred Revenue No. Date Debit Credit Balance No. Date Debit Credit Balance January 01 117,000 109,000 Notes Payable (long-term) Common Stock No. Date Debit Credit No. Date Debit Credit Balance 132,000 Balance 2,500,000 January 01 January 01 Retained Earnings No. Debit Credit Date January 01 Balance 2,775,600