Question: need help with 2 and the requirements Each journal entry is posted automatically to the general ledger. General Ledger Account The ending balance values from

need help with 2 and the requirements
 need help with 2 and the requirements Each journal entry is
posted automatically to the general ledger. General Ledger Account The ending balance
values from the General Ledger tab flows through to the Trial Balance
below. Choose the appropriate accounts to be reported on the income statement.
However, you will need to calculate and enter the amount of the
net income or loss for the period. Calculate net profit margin, expressed
as a percent. (Round your answor to 1 decimal place.) Net Profit
Margin % Use the dropdowns to select the accounts properly included on

Each journal entry is posted automatically to the general ledger. General Ledger Account The ending balance values from the General Ledger tab flows through to the Trial Balance below. Choose the appropriate accounts to be reported on the income statement. However, you will need to calculate and enter the amount of the net income or loss for the period. Calculate net profit margin, expressed as a percent. (Round your answor to 1 decimal place.) Net Profit Margin % Use the dropdowns to select the accounts properly included on the classified balance sheet. You will need to determine and Use the dropdowns to select the accounts properiy ine Prepare the statement of retained earnings for the month ended January 31, 2018. You will need to determine and enter the accounts and balances to prepare the Statement of Retained Earnings. If there are no dividends, include a line that reports Dividends of zero. Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $15. 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, VGC's chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense. The January transactions are shown below: a. Received $63,000 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 $36,000 on 1/2; paid $19,300 cash and signed a three-year note for the remainder owed. c. Paid $19,300 for an intemet advertisement that ran today on 1/3. d. On January 4, purchased and received $5,450 of supplies on account. e. Received $230,000 cash on 1/5 from customers for service revenue earned but not previously recorded in January. 1 On January 6 , paid $5,450 cash for supplies purchased on January 4. g. On January 7, sold 13,400 subscriptions at $15 each for services provided during January. Half was collected in cash and half was sold on account. h. Paid $400,000 in wages to employees on 1/30 for work done in January. 1. On January 31, received an electric and gas utility bill for $6,100 for January utility services. The bill will be paid in Februaty. General Journal tab - Prepare the journal entries to record the transactions (a) through (i). Review the accounts as shown in the General Ledger and Trial Balance tabs. General Ledger tab. Each journal entry is posted automatically to the general ledger. Trial Balance tab. The ending balance values from the General Ledger tab flows through to the Trial Balance tab. Statement of Retained Earnings tab. - Prepare select the accounts properly included on the income statement. if there are no dividends, include a line that reports Dividends of zero. Balance Sheet tab - Prepare a classified Balance Sheid ands of zero. Analysis tab-Calculate net pront margin, expressed at January 31, 2021. Prepare the journal entries to record the transactions (a) through (i). (If no entry is required for a transaction/even entry required" in the first account field.) Journal entry worksheet Received $63,000 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

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