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 asount wan $16,100; asiuse a perpetual inventory isten. Apr. 1 Borrowed $654,000 from Summit Bank for general uee; wigned a 10-month, 91 annual intereat-bearinq aote for the money. June14 received a $21,000 cuntomer deposit for servicea to be perforeed in the fukure. July15 Performed $3,250 of the services paid for on June 14. Dee.12 recelved electric bill for $27,560. Vigeland plans to pay the bil1 in early January. 31 Dotermined wages of $29,000 were earned but not yot paid on Doceaber 31 (disregard payroll taxea). 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.) Journal entry worksheet Record the adjusting entry required on December 31. Note: Enter debits before credits