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sorry this is long, please help Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December 31. January 15 Purehased

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Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December 31. January 15 Purehased and paid for merehandise. The invoice amount wan $16,200; ansume a perpetual inventory system. Apri1 1 Borrowed $880,000 trom Sunmit Bank for general use; signed a 10 -month, 118 annual Interest-bearing note for the money. June 14 Received a $19,000 customer deposit for services to be performed in the future. July 15 Performed $3,050 of the services paid for on June 14. December 12 Received electric bil1 for $26,160. Vigeland plans to pay the bill in early January. December 31 Determined wagen of $17,000 were earned but not yet paid on Decenber 31 (disregard payroll taxes). Required: 1. Prepare journal entries for each of these transactions. 2. Prepare the adjusting entries required on December 31 . Complete this question by entering your answers in the tabs below. Prepare joumal entries for each of these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Adjusting entries will be recorded in Part 2 . Journal entry worksheet Record the $16,200 purchase of merchandise assuming a perpetual inventory system. Note: Enter debits before credits. Journal entry worksheet Record $880,000 borrowed for general use; signing a 10 -month, 11% annual interest-bearing note for the money. Note: Enter debits before credits. Journal entry worksheet Record the a $19,000 received as customer deposit for services to be performed in the future. Note: Enter debits before credits. Journal entry worksheet Record the $3,050 services paid on July 15 . Note: Enter debits before credits. Journal entry worksheet Record the $26,160 electric bill for to be paid in early January. Note: Enter debits before credits. Journal entry worksheet Record the $17,000 wages earned but not yet paid on December 31 (disregard payroll taxes). Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry for interest expense on the $880,000,11% annual interest-bearing note as on December 31. Note: Enter debits before credits

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