- Check My Work 2 Vanishing Games Corporation Vgc Operates A Massively Multiplayer Online Game Charging Players A Month 1 (44.02 KiB) Viewed 22 times
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Prepare the journal entries to record the transactions (a) through (0). (If no entry is required for a trans entry required" in the first account field.) View transaction list Journal entry worksheet < 2 3 5 6 7 8 9 > Received $66,750 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020. Record the transaction. Note: Enter debits before credits Date General Journal Debit Credit January 01 Record entry Clear entry View general Journal < Requirement General Ledger >
Prepare the journal entries to record the transactions (a) through (1). (If no entry is required for a transaction/ entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 6 7 8 9 > Purchased 10 new computer servers for $36,400 on 1/2; paid $15,700 cash and signed a three-year note for the remainder owed. Record the transaction. Note: Enter debits before credits. -5 General Journal Debit Credit Date January 02 Record entry Clear entry View general Journal < Requirement General Ledger >
View transaction list Journal entry worksheet < 1 2 3 8 > Paid $11,700 for an Internet advertisement run on 1/3. Record the transaction. Note: Enter debits before credits General Journal Debit Credit Date January 03 (Cash Record entry Clear entry View general journal < Requirement General Ledger >
Prepare the journal entries to record the transactions (a) through (1). (If no entry is required for at entry required in the first account field.) View transaction list Journal entry worksheet < 1 2 3 5 6 7 CO 8 9 On January 4, purchased and received $5,400 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 < Requirement General Ledger >
Prepare the journal entries to record the transactions (a) through (1). (If no entry is required for a tr entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 > Received $210,000 cash on 1/5 from customers for service revenue earned in January. Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Date January 05 Record entry Clear entry View general Journal < Requirement General Ledger >
repare the journal entries to record the transactions (a) through O. (If no entry is require try required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Paid $5,400 cash to a supplier on January 6. Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Date January 06 Record entry Clear entry View general journal < Requirement General Ledger
repare the journal entries to record the transactions (a) through (1). (If no entry is required for a to ntry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 5 6 7 8 9 > On January 7, sold 11,700 subscriptions at $14 each for services provided during January. Half was collected in cash and half was sold on account. Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Date January 07 Record entry Clear entry View general Journal < Requirement General Ledger >
Prepare the journal entries to record the transactions (a) through (1). (If no entry is required for a tran entry required in the first account field.) View transaction list Journal entry worksheet < 1 2 3 6 7 8 9 Paid $350,000 in wages to employees on 1/30 for work done in January. Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Date January 30 Record entry Clear entry View general Journal < Requirement General Ledger >
Prepare the journal entries to record the transactions (a) through (1). (If no entry is required for a tra entry required" in the first account field.) View transaction list Journal entry worksheet く 1 2 3 4 5 6 7 8 9 9 On January 31, received an electric and gas utility bill for $6,210 for January utility services. The bill will be paid in February. Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Date January 31 Record entry Clear entry View general journal < Requirement General Ledger >
Use the dropdowns to select the accounts properly included on the classified balance sheet. You will need to determ enter the balance of the Common Stock and Retained Earnings accounts in the Stockholders' Equity section. VANISHING GAMES CORPORATION Balance Sheet At January 31, 2021 $ 0 OOO 0 OOO 0 0 0 < Stmt of Retained Earnings Analysis > B Preu 2 of 2 :: Next
Common Stock 2,900,000 Retained Earnings 1,812,200 In addition to the above accounts, VGC's chart of accounts includes the following: Service Revenue, Salaries a Advertising Expense, and Utilities Expense. The January transactions are shown below: a. Received $66,750 cash from customers on 1/1 for subscriptions that had already been earned and charged b. Purchased 10 new computer servers for $36,400 on 1/2: paid $15,700 cash and signed a three-year note for c. Paid $11,700 for an Internet advertisement run on 1/3. d. On January 4. purchased and received $5,400 of supplies on account. e. Received $210,000 cash on 1/5 from customers for service revenue earned in January f. On January 6, paid $5,400 cash for supplies purchased on January 4. g. On January 7, sold 11,700 subscriptions at $14 each for services provided during January. Half was collected sold on account. h. Paid $350,000 in wages to employees on 1/30 for work done in January. i. On January 31, received an electric and gas utility bill for $6,210 for January utility services. The bill will be p Balance Sheet Analysis Stmt of General General Income Requirement Retained Trial Balance Journal Ledger Statement Earnings Calculate net profit margin, expressed as a percent. (Round your answer to 1 decimal place.) Net Profit Margin % < Balance Sheet Analysis