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Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a month subscription of $12. 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 month subscription of $12. At the start of January 2021, VGC's income statement accounts had zero balances and its bake sheet account balances were as follows: Cash $ 1,590,000 Accounts Receivable 245,000 Supplies 17,800 Equipment 922,000 Buildings 435,000 Land 1,250,000 Accounts Payable 137,000 Deferred Revenue 140,000 Notes Payable (due 2025) 81,000 Common Stock 2,800,000 Retained Earnings 1,301, see 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 $65,250 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 $34,600 on 1/2; paid $14.400 cash and signed a three year note for the remainder owed c. Paid $12,600 for an Internet advertisement run on 13. d on January 4, purchased and recelved $3,300 of supplies on account e. Received $215,000 cash on 1/5 from customers for service revenue eamed in January y Paid $3,300 cash to a supplier on January 6, g. On January 7 sold 19.200 subscriptions at $12 each for services provided during January. Half was collected in cash and half was sold on account h: Paid $420,000 in wages to employees on 1/30 for work done in January 4. On January 31, received an electric and gas utility bill for $5,250 for January utility services. The bill will be paid in February 1. Analyze the effect of the January transactions on the accounting equation, and indicate the account, amount and direction of the effect of each transaction (Enter any decreases to Assets, Liabilities, and Stockholder's Equity with a minus sign.) Assets Liabilities Stockholders' E

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