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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

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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 Tollows Cash 5 1.110,000 Accounts Receivable 224,00 Supplies 23,40 teipent 316, Busin , Land 1,950,00 Accounts Payable 120.de Deferred even 91, Notes Payable (due 2025 159, Como Stock 2. Retained E 2.399,00 in addition to the above accounts, VGC's chart of accounts includes the following Service Revenue, Solanes and Wages Expense Advertising Expense, and Unities Expense The January transactions are shown below a Received 568,500 cash from customers on 11 for subscriptions that had arenay been earned and charged on account in 2020 Purchased 10 new computer servers for 530 800 on 12, paid $19.900 cash and signed a three year note for the remainder owed c. Paid $17,100 for an internet advertisement run on 13 d. On January 4 purchased and received 53.350 of suppites on account Received $205.000 cath on 15 from customers for service revenue earned in January 9 on January 7, sold 19 400 subscriptions at $10 each for services provided during January Holt was collected in cash and how was Paid $300,000 in wages to employees on 1/30 for work done in Jauny on January 31, received an electric and gas inity bill for 56 180 for Januaryty services. The bill will be paid in February General Hequirement General Strict of Income Trial and Ledger watened Journal Ranche Statement A Farming Use the dropdowns to select the counts properly included on the classified balance sheet. You will need to determine and enter the balance of the Common lock and retained Earnings accounts in the stockholders' Equity vection VANISMING GAMES CORPORATION Al January 31, 2009 0 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: 446,000 120,000 Cash $ 1,810,000 Accounts Receivable 224,000 Supplies 23,400 Equipment 916,000 Buildings Land 1,950,000 Accounts Payable 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 January transactions are shown below a Received $68,500 cash from customers on 1/1 for subscriptions that had already been eamed and charged on account in 2020, b. Purchased 10 new computer servers for $30,800 on 1/2, 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 e. Received $205,000 cash on 1/5 from customers for service revenue eamed in January * Paid $3,350 cash to a supplier on January 6, g 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 n Paid $360,000 in wages to employees on 130 for work done in January On January 31, received an electric and gas utility bill for $6,180 for January utility services. The bill will be paid in February General General Income Stent of Requirement Retained Trial Balance Balance Sheet Journal Ledger Statement Analysis Eaminos Use the dropdowns to select the accounts properly included on the classified balance sheet. You will need to determine and enter the balance of the Common Stock and Retained Earnings accounts in the Stockholders' Equity section VANISHING GAMES CORPORATION Balance Sheet At January 31, 2021

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