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: Cash Accounts Receivable Supplies Equipment Buildings Land Accounts Payable Deferred Revenue Notes Payable (due 2025) Common Stock Retained Earnings $ 1,680,000 182,000 20,500 906,000 462,000 1,690,000 167,000 97,000 111,000 2,200,000 2,365,500 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 $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 received $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. g. On January 7, sold 13,200 subscriptions at $12 each for services provided during January. Half was collected in cash and half was sold on account. h. Paid $315,000 in wages to employees on 1/30 for work done in January. 1. On January 31, received an electric and gas utility bill for $5,980 for January utility services. The bill will be paid in February.