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 $15,700; assume a perpetual inventory system. Apr. 1 Borrowed $756,000 from Summit Bank for general use: signed a 10-month, 11% annual interest-bearing note for the money. June 14 Received a $34,000 customer deposit for services to be performed in the future. Julys Performed $3,050 of the services paid for on June 14 Dec. 12 Received electric bill for $27,160. Vigeland plans to pay the bill in early January 31 Determined wages of $21,000 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 Record the adjusting entry required on December 31. Note: Enter debts before credits General Journal Debit Credit Data December 31 Record entry Clear entry View general journal