Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $14. 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 $ 2,410,000 218,000 17,700 950.000 440,000 1,620,000 150,000 145,000 65,000 2,400,000 2,895,700 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 January transactions are shown below: a. Received $54,500 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 $42,000 on 12; paid $19,200 cash and signed a three-year note for the remainder owed. c. Paid $16,800 for an Internet advertisement run on 1/3 d. On January 4, purchased and received $4,600 of supplies on account e. Received $195,000 cash on 1/5 from customers for service revenue earned in January, 1. Paid $4,600 cash to a supplier on January 6. g. On January 7, sold 14.400 subscriptions at $14 each for services provided during January. Half was collected in cash and half was sold on account. h. Paid $371,000 in wages to employees on 1/30 for work done in January 1. On January 31, received an electric and gas utility bill for $6,170 for January utility services. The bill will be paid in February Analysis Balance Sheet General Journal Stmt of Retained Earnings General Ledger Income Statement Trial Balance Requirement General Journal tab - Prepare the tournal entries to record the transactions (a) through (I). Review the accounts as shown