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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

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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 $16, 1ee; assume a perpetual inventory system Apr. 1 Borrowed 5718,000 from Summit Bank for general use; signed a 10-month, 8% annual interest-bearing note for the Dune14 Received a $26,eee customer deposit for services to be performed in the future. July15 Performed $2,95e of the services paid for on June 14. Dec. 12 Received electric bill for $25,960. Vigeland plans to pay the bill in early January. 31 Determined wages of $26,eee were earned but not yet paid on December 31 (disregard payroll taxes). money 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Purchased and paid for merchandise. The invoice amount was $16,100; assume a perpetual inventory system, Note: Enter debut before credits Date General Journal Debit Credit January 15 View transaction list Journal entry worksheet 1 2. 3 4 5 6 Borrowed $718,000 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 View transaction list Journal entry worksheet

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