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Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of \$13. At the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: In addition to the above accounts, VGCs chart of accounts includes the followng: Service Revenue, Salarles and Wages Expense, Advertising Expense, and Utlitles Expense. The following transactlons occurred during the January month: a. Recelved $70.000 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 $31,500 on 1/2 pald $16.500 cash and signed a three-year note for the remainder owed. c. Paid $16,200 for an Internet advertisement that ran today on 1/3 d. On January 4, purchased and recelved $3,900 of supplies on account. e. Recelved $190,000 cash on 1/5 from customers for service revenue earned but not prevously recorded in January. f On January 6, pald $3,900 cash for supplies purchased on January 4. g. 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. h. Pald $400,000 in wages to employees on 1/30 for work done in January. IOn January 31, recelved an electric and gas utility bill for $6.010 for January utility services. The bill will be pald in February. 1. Analyze the effect of the January transactions on the accounting equation, and indicate the account, amount, and diroction of the effect of each transaction. (Enter any decreases to Assets, Labilities, and Stockholder's Equity with a minus sign).)

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