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Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December 31. January 15 April 1 June 14 July 15 Decenber 12 Decenber 31 Purchased and paid for nerchandise. The invoice amount was $16,100; assune a perpetual inventory systen. Borrowed $854,000 from Sumit. Bank for general use; signed a 10 -nonth, 11x annul interest-bearing note for the money. Received a $33,090 customer deposit for services to be perforned in the future. Performed $3,050 of the services paid for on June 14 . Received electric bill for $26,360. Vigeland plans to pay the bill in early January. Deternined wages of $29,090 were earned but not yet paid on Decenber 31 (disregard payroll taxes). Required: 1. Prepare journal entrles for each of these transactions. 2 Prepare the adjusting entrles requlred on December 31. Complete this question by entering your answers in the tabs below. Prepare journal entries for each of these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Adjusting entries will be recorded in Part 2. Journal entry worksheet 45 Record the $16,100 purchase of merchandise assuming a perpetual inventory system. Note: Enter debits before credits. Prepare journal entries for each of these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Adjusting entries will be recorded in Part 2. Journal entry worksheet 5 Record $854,000 borrowed for general use; signing a 10 -month, 11% annual interest-bearing note for the money. Note: Enter debits before cred ts. Prepare journal entries for each of these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Adjusting entries will be recorded in Part 2. Journal entry worksheet 5 Record the a $33,000 received as customer deposit for services to be performed in the future. Note: Enter debits before credits. Prepare journal entries for each of these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Adjusting entries will be recorded in Part 2. Journal entry worksheet 1 2 5 Record the $3,050 services paid on July 15 . Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare journal entries for each of these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Adjusting entries will be recorded in Part 2. Journal entry worksheet 1 2 3 4 Record the $26,360 electric bill for to be paid in early January. Nate: Enter debits before credits. Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December 31. January 15 Purchased and paid for nerchandise. The invoice amount was $16,100; assune a perpetual inventory systen. April 1 Borrowed $854,060 from Sumit Bank for general use; signed a 10 -fionth, 11% annul interest-bearing note for the money. Received a $33,600 custoner deposit for services to be perforned in the future. Decenber 12 Received electric bill for $26,360. Vigeland plans to pay the bill in early January. Decenber 31 Determined wages of $29,000 were earned but not yet paid on Decenber 31 (disregard payroll taxes). Required: 1. Prepare journal entrles for each of these transactions. 2 Prepare the adjusting entrles required on December 31. Complete this question by entering your answers in the tabs below. Prepare the adjusting entries required on December 31. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the $29,000 wages earned but not yet paid on December 31 (disregard payroll taxes). Note: Enter debits befare credits. Vigeland Company completed the following transactlons during Year 1. Vigeland's fiscal year ends on December 31. January 15 Purchased and paid for nerchandise. The involce anount was $16,100; assune a perpetual inventory systen. April 1 Borrowed $854, 000 from Sumit Bank for general use; signed a 10 -month, 11 annul interest-bearing note for the money. June 14 Received a $33,009 customer deposit for services to be perforned in the future. July 15 Performed $3, e50 of the services paid for on June 14. Decenber 12 Received electric bill for $26,360. Vigeland plans to pay the bill in early January. Decenber 31 Deternined wages of $29,000 were earned but not yet paid on Decenber 31 (disregard payroll taxes). Required: 1. Prepare journal entrles for each of these transactions. 2 Prepare the adjusting entrles requlred on December 31. Complete this question by entering your answers in the tabs below. Prepare the adjusting entries required on December 31 . Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the adjusting entry for interest expense on the $854,000,11% annual interest-bearing note as on December 31 . Note: Enter debits before credits