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 1/2; 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. f. On January 6, paid $4,600 cash for supplies purchased on January 4. 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. i. On January 31, received an electric and gas utility bill for $6,170 for January utility services. The bill will be paid in CALA Journal entry worksheet Paid $16,800 for an Internet advertisement run on 1/3. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit January 03 Record entry Clear entry View general journal Journal entry worksheet On January 4, purchased and received $4,600 of supplies on account. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit January 04 Record entry Clear entry View general journal Journal entry worksheet Paid $4,600 cash to a supplier on January 6. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit January 06 Record entry Clear entry View general journal