![Chrome File Edit View History Bookmarks People Window Help M Chapter 3 HW MMcGraw-Hill Connect i ErixDPrevious Attempt View xv ezto.mheducation.com/hm.tpx Bookmarks C3-1 Analyzing, Recording, and Posting, and Preparing and Evaluating Finand [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 $15. At the start of January 2015, VGCs income statement accounts had zero balances and its balance sheet account balances were as follows Cash Accounts Receivable Supplies Equipment Land Building Accounts Payable Unearned Revenue Notes Payable (due 2018) Common Stock Retained Earnings $2,220,000 225,000 20,600 919,000 1.770,000 479,000 117,000 109,000 32,000 2,500,000 2,775,600 In addition to the above accounts, VGCs chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense. References C3-1 Analyzing, Recording, and Posting, and Preparing and Evaluating Financial Statements (Chapters 1-3) [LO 3-2, LO 3 3, LO 3-4, LO 3-5) Section Break](https://media.cheggcdn.com/media%2Ff30%2Ff30ce466-894b-4c0c-94c8-2053653e3711%2Fimage)
Chrome File Edit View History Bookmarks People Window Help M Chapter 3 HW MMcGraw-Hill Connect i Erix”DPrevious Attempt View xv ezto.mheducation.com/hm.tpx Bookmarks C3-1 Analyzing, Recording, and Posting, and Preparing and Evaluating Finand [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 $15. At the start of January 2015, VGC’s income statement accounts had zero balances and its balance sheet account balances were as follows Cash Accounts Receivable Supplies Equipment Land Building Accounts Payable Unearned Revenue Notes Payable (due 2018) Common Stock Retained Earnings $2,220,000 225,000 20,600 919,000 1.770,000 479,000 117,000 109,000 32,000 2,500,000 2,775,600 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. References C3-1 Analyzing, Recording, and Posting, and Preparing and Evaluating Financial Statements (Chapters 1-3) [LO 3-2, LO 3 3, LO 3-4, LO 3-5) Section Break
