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 $866,000 from Summit Bank for general use; signed a 10-month, 8% annual interest- bearing note for the money. June 14 Received a $29,000 customer deposit for services to be performed in the future. July15 Performed $3,750 of the services paid for on June 14. Dec. 12 Received electric bill for $27,560. Vigeland plans to pay the bill in early January. 31 Determined wages of $17,000 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.) Journal entry worksheet Purchased and paid for merchandise. The invoice amount was $14,700; assume a perpetual inventory system. Note: Enter debits before credits. General Journal Debit Credit Date January 15 Record entry Clear entry View general Journal Journal entry worksheet Borrowed $866,000 from Summit Bank for general use; signed a 10-month, 8% annual interest-bearing note for the money. Note: Enter debits before credits. General Journal Debit Credit Date April 01 Record entry Clear entry View general Journal Journal entry worksheet Performed $3,750 of the services paid for on June 14. Note: Enter debits before credits. General Journal Debit Credit Date July 15 Record entry Clear entry View general Journal Journal entry worksheet Received electric bill for $27,560. Vigeland plans to pay the bill in early January Note: Enter debits before credits. General Journal Debit Credit Date December 12 Record entry Clear entry View general Journal Journal entry worksheet