Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $13. At the start of January 2021, VGCs income statement accounts had zero balances and its balance sheet account balances were as follows:

Cash	$ 2,000,000
Accounts Receivable	187,000
Supplies	23,900
Equipment	886,000
Buildings	463,000
Land	1,660,000
Accounts Payable	130,000
Deferred Revenue	88,000
Notes Payable (due 2025)	70,000
Common Stock	2,300,000
Retained Earnings	2,631,900

In addition to the above accounts, VGCs chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense. The January transactions are shown below:

1. Received $70,000 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020.
2. Purchased 10 new computer servers for $31,500 on 1/2; paid $16,500 cash and signed a three-year note for the remainder owed.
3. Paid $16,200 for an Internet advertisement run on 1/3.
4. On January 4, purchased and received $3,900 of supplies on account.
5. Received $190,000 cash on 1/5 from customers for service revenue earned in January.
6. Paid $3,900 cash to a supplier on January 6.
7. On January 7, sold 19,300 subscriptions at $13 each for services provided during January. Half was collected in cash and half was sold on account.
8. Paid $400,000 in wages to employees on 1/30 for work done in January.
9. On January 31, received an electric and gas utility bill for $6,010 for January utility services. The bill will be paid in February.

Each journal entry is posted automatically to the general ledger.

No.	Date	Debit	Credit	Balance
	January 01			2,000,000
1	January 01	70,000		2,070,000
2	January 02		16,500	2,053,500
3	January 03		16,200	2,037,300
5	January 05	190,000		2,227,300
6	January 06		3,900	2,223,400
7	January 07	125,450		2,348,850
8	January 30		400,000	1,948,850

Cash

No.	Date	Debit	Credit	Balance
	January 01			187,000
1	January 01		70,000	117,000

Accounts Receivable

No.	Date	Debit	Credit	Balance
	January 01			23,900
4	January 04	3,900		27,800

Supplies

No.	Date	Debit	Credit	Balance
	January 01			1,660,000

Land

No.	Date	Debit	Credit	Balance
	January 01			463,000

Buildings

No.	Date	Debit	Credit	Balance
	January 01			886,000
2	January 02	31,500		917,500

Equipment

No.	Date	Debit	Credit	Balance
	January 01			130,000
4	January 04		3,900	133,900
6	January 06	3,900		130,000
9	January 31		6,010	136,010

Accounts Payable

No.	Date	Debit	Credit	Balance
				88,000

Deferred Revenue

No.	Date	Debit	Credit	Balance
	January 01			70,000
2	January 02		15,000	85,000

Notes Payable (long-term)

No.	Date	Debit	Credit	Balance
	January 01			2,300,000

Common Stock

No.	Date	Debit	Credit	Balance
	January 01			2,631,900

Retained Earnings

No.	Date	Debit	Credit	Balance
	January 01			0
5	January 05		190,000	190,000
7	January 07		125,450	315,450

Service Revenue

No.	Date	Debit	Credit	Balance
	January 01			0
3	January 03	16,200		16,200

Advertising Expense

No.	Date	Debit	Credit	Balance
	January 01			0
8	January 30	400,000		400,000

Salaries and Wages Expense

No.	Date	Debit	Credit	Balance
	January 01			0
9	January 31	6,010		6,010

Utilities Expense