Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $12. At the start of January 2018, 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 $2,260,000 165,000 16,900 879,000 481,000 2,150,000 195,000 114,000 113,000 2,400,000 3,129,900 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 $72.250 cash from customers on 11 for subscriptions that had already been earned in 2017. b. Purchased 10 new computer servers for $36,100 on 1/2 paid $16,300 cash and signed a three-year note for the remainder owed. c Paid $11,100 for an Internet advertisement run on 1/3. d. On January 4, purchased and received $5,700 of supplies on account e Received $245,000 cash on 1/5 from customers for service revenue earned in January 1. Pald $5,700 cash to a supplier on January 6. 9. On January 7, sold 12,600 subscriptions at $12 each for services provided during January. Half was collected in cash and half was sold on account h. Paid $375,000 in wages to employees on 1/30 for work done in January 1. On January 31, received an electric and gas utility bill for $5,210 for January utility services. The bill will be paid in February General Stmt of General Income Requirement Trial Balance Retained Balance Sheet Journal Ledger Analysis Statement Earnings Prepare the journal entries to record the transactions (a) through (1). (If no entry is required for a transaction/even entry required" in the first account field.) View transaction list Journal entry worksheet Received $72,250 cash from customers on 1/1 for subscriptions that had already been earned in 2017. Record the transaction Note: Enter debits before credits. Date General Journal Jan 01 Accounts Receivable Cash Debit Credit 72,250 72,250 Record entry Clear entry View general Journal