Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $13. At the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Buildings $ 2,230,000 211,000 16,700) 928,000 425,000 Land Accounts Payable Deferred Revenue Notes Payable (due 2025) Common Stock Retained Earnings 1,630,000 134,000. 132,000 123,000 2,900,000 2,151,700 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 $71,750 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 $40,800 on 1/2; paid $15,600 cash and signed a three-year note for the remainder owed. c. Paid $15,100 for an Internet advertisement run on 1/3. d. On January 4, purchased and received $4,500 of supplies on account. e. Received $220,000 cash on 1/5 from customers for service revenue earned in January. f On January 6, paid $4,500 cash for supplies purchased on January 4. g. On January 7, sold 13,800 subscriptions at $13 each for services provided during January. Half was collected in cash and half was sold on account. h. Paid $370,000 in wages to employees on 1/30 for work done in January. On January 31, received an electric and gas utility bill for $5,750 for January utility services. The bill will be paid in February. 3. Enter the beginning balances shown above in the following T-accounts and post the journal entries. Debit Beginning Balance Ending Balance Beginning Balance Ending Balance Cash Credit Accounts Receivable Debit Credit Beginning Balance Ending Balance Supplies Equipment Debit Credit Debit Credit Beginning Balance Ending Balance Beginning Balance Ending Balance Buildings Landi Debit Credit Debit Credit Beginning Balance Ending Balance Accounts Payable Deferred Revenue Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Notes Payable (long-term) Common Stock Debit Credit Debit Credit Beginning Balance. Beginning Balance Ending Balance Ending Balance Retained Earnings Service Revenue Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Salaries and Wages Expense Advertising Expense Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Utilities Expense Debit Credit Beginning Balance Ending Balance Ending Balance