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 $898,000 from Summit Bank for general use; signed a 10-month, 12% annual interest-bearing note for the money June14 Received a $16,000 customer deposit for services to be performed in the future. July15 Performed $4,050 of the services paid for on June 14. Dec.12 Received electric bill for $27,860. Vigeland plans to pay the bill in early January 31 Determined wages of $18,000 were earned but not yet paid on December 31 (dis regard 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.) View transaction list Journal entry worksheet 2 3 6 1 4 5 Purchased and paid for merchandise. The invoice amount was $14,700; assume a perpetual inventory system Note: Enter debits before credits. General Journal Credit Date Debit January 15 Record entry Clear entry View general journal 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 $898,000 from Summit Bank for general use; signed a 10-month, 12% annual interest-bearing note for the money. June14 Received a $16,000 customer deposit for services to be performed in the future July15 Performed $4,050 of the services paid for on June 14. Dec.12 Received electric bill for $27,860. vigeland plans to pay the bill in early January. 31 Determined wages of $18,000 were earned but not yet paid on December 31 (disregard payroll taxes). 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.) View transaction list Journal entry worksheet K > 1 Record the adjusting entry required on December 31 Note: Enter debits before credits Date General Journal Debit Credit December 31 Record entry View general journal Clear entry