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 $796,000 from Summit Bank for general use; signed a 10-month, 6% annual interest-bearing note for the money June14 Received a $30,000 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 $26,560. Vigeland plans 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). Fequired: - Prepare journal entries for each of these transactions. (If no entry is required for a transaction/event, select "No journal entry equired" in the first account field.) View transaction list Journal entry worksheet Purchased and paid for merchandise. The invoice amount was $14,700; assume a perpetual inventory system. Note: Enter debits before credits. Date General Journal Debit Credit January 15 Prey 1 2 of 7 Next >