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Check my work 6 Part 2 of 2 Required information P9-1 (Algo) Recording and Reporting Current Liabilities LO9-1 [The following information applies to the questions
Check my work 6 Part 2 of 2 Required information P9-1 (Algo) Recording and Reporting Current Liabilities LO9-1 [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. 5 points Skipped eBook Jan.15 Purchased and paid for merchandise. The invoice amount was $15,000; assume a perpetual inventory system. Apr. 1 Borrowed $766,000 from Summit Bank for general use; signed a 10- month, 13% annual interest-bearing note for the money. June 14 Received a $21,000 customer deposit for services to be performed in the future. July15 Performed $4,750 of the services paid for on June 14. Dec. 12 Received electric bill for $25,860. Vigeland plans to pay the bill in early January. 31 Determined wages of $12,000 were earned but not yet paid on December 31 (disregard payroll taxes). Print References References P9-1 Part 2 2. Prepare the adjusting entries required on December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Part 2 of 2 View transaction list Journal entry worksheet 5 points
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