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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

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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 $ 1,600,000 Accounts Receivable 174.000 Supplies 15,100 Lavest 95.000 Buildings 510,000 Land 2,00.000 Accounts Payable 113,000 Deferred sevende 74.00 Notes Payable de 2015) 94,00 Connon Stock 2.100,00 Betained Earnings 2.490.100 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 January transactions are shown below Received 557750 cash from customers on 11 for subscriptions that had already been earned and charged on account in 2020 Purchased 10 new computer servers for $41500 on 12. paid 511500 cash and signed a three-year note for the remainder owed an d. On January 4. purchased and received $5 300 of supplies on account e Received $150.000 cash on 1/5 from customers for service revenue earned in January On January 6, paid $5.300 cash for supplies purchased on January 4 on January 7, 2018 19.900 subscriptions at S13 each for services provided during January Hall was collected in cash and half was sold on account h Paid $390.000 inweges to employees on 130 for work done in January On January 31 received an electric and gas utility bill for $6.260 for January unlity services. The bill will be paid in February Journal entry worksheet 1 2 3 4 5 6 7 8 9 Received 557,750 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020. Record the transaction Note: Enter debits before credits General Journal Debit Credit Date January 01 Record entry Clear entry View general journal Journal entry worksheet ces 1 3 4 5 6 7 9 Purchased 10 new computer servers for $41,500 on 1/2; paid $11,500 cash and signed a three-year note for the remainder owed. Record the transaction Note: Enter debits before credits General Journal Debit Credit Date January 02 Record entry Clear entry View general journal Book Journal entry worksheet 1 2 3 4 5 6 7 9 > Print Paid $14,300 for an Internet advertisement run on 1/3. Record the transaction. 0 eferences Note: Enter debits hatore credits General Journal Debl Date January 03 Credit Record entry Clear entry View general Journal Journal entry worksheet Print On January 7, sold 19,900 subscriptions at $13 each for services provided during January, Half was collected in cash and half was sold on account. Record the transaction References Note: Enter debits before credito General Journal Debit Credit Date January 07 Record entry Clear entry View general journal Journal entry worksheet

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