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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

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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 $14,600; assume a perpetual inventory system. Apr. 1 Borrowed $710,000 from Summit Bank for general use; signed a 10-month, 8\% annual interest-bearing note for the money. June14 Received a $26,000 customer deposit for services to be performed in the future. July15 Performed $3,350 of the services paid for on June 14 . Dec. 1 . Received electric bill for $26,560. Vigeland plans to pay the bill in early January. 31 Determined wages of $23,000 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 6 Purchased and paid for merchandise. The invoice amount was $14,600; assume a perpetual inventory system. Note: Enter debits before credits. Journal entry worksheet Borrowed $710,000 from Summit Bank for general use; signed a 10-month, 8% annual interest-bearing note for the money. Note: Enter debits before credits. Journal entry worksheet Received a $26,000 customer deposit for services to be performed in the future. Note: Enter debits before credits. Journal entry worksheet Performed $3,350 of the services paid for on June 14 . Note: Enter debits before credits. Journal entry worksheet Received electric bill for $26,560. Vigeland plans to pay the bill in early January. Note: Enter debits before credits. Journal entry worksheet Determined wages of $23,000 were earned but not yet paid on December 31 (disregard payroll taxes). Note: Enter debits before credits

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