Recording and Reporting Current Llabilities (4 AP9-1) Vipeland 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 $26,500; assume a perpetaal imventory sys Apr. 1 Borrowed $700,000 from Summit Bank for general use: signed a 10-month, 6 gercent anr pal interestbear money: June 14 Received a $15,000 customer deposit for services to be performed in the furure. July 15 Performed $3,750 of the services paid for on June 14. Dec. 12 Received electrie bill fon $27,860. Vigeland plans to pay the bill in early January: * 31 Determined wages of $15,000 were earned but not yet paid on December 31 (disragard payroll taxes). Required: 1. Prepare journal entries for each of these transactions. 2. Prepare all aqjusting entries required an December 31