2 of 2 Required information [The following information applies to the questions displayed below.) Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December 31, Jan. 15 Purchased and paid for merchandise. The invoice amount was $24,500; assume perpetual Inventory syatar. Apr. 1 Borroved $700,000 from Summit Bank for general une signed a 10-month, 6 annual interest-bearing note for the money June 14 Received a $15,000 customer deposit for services to be performed in the future. July1s Performed $3,750 of the services paid for on June 14. Dec. 12 Received electric bill for $27,860. Vigeland plans to pay the bill in early January 31 Determined wagen of $15,000 were earned but not yet paid on December 31 (disregard payroll taxes): Book Print 2. Prepare the adjusting entries required on December 31. Of no entry is required for a transaction/event, select "No journal entry required in the first account field.) erences View transaction list Journal entry worksheet