! 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 $14,700; assume a perpetual inventory system. Apr. 1 Borrowed $716,000 from Summit Bank for general use; signed a 10-month, 10% annual interest-bearing note for the money. June14 Received a $32,000 customer deposit for services to be performed in the future. July15 Performed $3,550 of the services paid for on June 14. Dec. 12 Received electric bill for $26,160. Vigeland plans to pay the bill in early January. 31 Determined wages of $19,000 were earned but not yet paid on December 31 (disregard payroll taxes). Required: 1. Prepare journal entries for each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1 Purchased and paid for merchandise. The invoice amount was $14,700; assume a perpetual inventory system. 2 Borrowed $716,000 from Summit Bank for general use; signed a 10-month, 10% annual interest-bearing note for the money. 3 Received a $32,000 customer deposit for services to be performed in the future. 4 Performed $3,550 of the services paid for on June 14. 5 Received electric bill for $26,160. Vigeland plans to pay the bill in early January. 4 Performed $3,550 of the services paid for on June 14. Cred 5 Received electric bill for $26,160. Vigeland plans to pay the bill in early January. 6 Determined wages of $19,000 were earned but not yet paid on December 31 (disregard payroll taxes). Moto jaunoLantbeboen entered