Required information [The following information applies to the questions displayed below.] Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $11. At the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 1,620,000 Accounts Receivable 236,000 Supplies 15,700 Equipment 909,000 Buildings 441,000 Land 1,830,000 Accounts Payable 203,000 Deferred Revenue Notes Payable (due 2025) Common Stock 150,000 97,000 2,300,000 2,301,700 Retained Earnings 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 $55,750 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 $35,400 on 1/2: paid $14,300 cash and signed a three-year note for the remainder owed. c. Paid $11,000 for an Internet advertisement run on 1/3. d. On January 4, purchased and received $3,600 of supplies on account. e. Received $240,000 cash on 1/5 from customers for service revenue earned in January. f. On January 6, paid $3,600 cash for supplies purchased on January 4, g. On January 7, sold 11,200 subscriptions at $11 each for services provided during January. Half was collected in cash and half was sold on account. h. Paid $340,000 in wages to employees on 1/30 for work done in January. 1. On January 31, received an electric and gas utility bill for $5,570 for January utility services. The bill will be paid in February. 3. Enter the beginning balances shown above in the following T-accounts and post the journal entries. Cash Debit Credit Debit Beginning Balance Beginning Balance Ending Balance Ending Balance Supplies Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Buildings Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Debit Debit Debit Debit Accounts Receivable Equipment Land Credit Credit Credit Debit Beginning Balance Ending Balance. Beginning Balance Ending Balance Beginning Balance Ending Balance Debit Debit Accounts Payable Notes Payable (long-term) Retained Earnings Salaries and Wages Expense Credit Credit Credit Debit Beginning Balance Ending Balance Beginning Balance Ending Balance Beginning Balance Ending Balance Debit Debit Deferred Revenue Common Stock Service Revenue Advertising Expense Credit Credit Credit Debit Beginning Balance Ending Balance Beginning Balance Ending Balance Debit Salaries and Wages Expense - Utilities Expense. Credit Credit Debit. Beginning Balance Ending Balance Advertising Expense Credit