! 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 $16,100; assume a perpetual inventory system. Apr. 1 Borrowed $708,000 from Summit Bank for general use; signed a 10-month, 9% annual interest-bearing note for the money. June14 Received a $23,000 customer deposit for services to be performed in the future. July15 Performed $4,650 of the services paid for on June 14. Dec.12 Received electric bill for $27,060. Vigeland pla 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). 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.) 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.)