Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $13. At the start of January 2015, VGCs income statement accounts had zero balances and its balance sheet account balances were as follows:

Cash $ 2,340,000 Accounts Receivable 238,000

Supplies 17,000 Equipment 899,000 Land 2,170,000 Building 467,000 Accounts Payable 121,000 Unearned Revenue 121,000 Notes Payable (due 2018) 76,000 Common Stock 2,800,000 Retained Earnings 3,013,000

In addition to the above accounts, VGCs chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense.

1. Prepare an unadjusted trial balance as of January 31, 2015.

2. Prepare a Statement of Retained Earnings for the month ended January 31, 2015, using the beginning balance given above and the net income from part 5. Assume VGC has no dividends.

3. Calculate net profit margin, expressed as a percent. (Round your answer to 1 decimal place.) 4. Prepare journal entries for the January transactions listed in part 1, using the letter of each transaction as a reference. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)