The Vigilante Company completed the following transactions during Year 1. Vigilante's fiscal year ends on December 31.

Jan.	15		Purchased and paid for merchandise. The invoice amount was $15,800; assume a perpetual inventory system.
Apr.	1		Borrowed $822,000 from Summit Bank for general use; signed a 10-month, 12% annual interest-bearing note for the money.
June	14		Received a $33,000 customer deposit for services to be performed in the future.
July	15		Performed $3,850 of the services paid for on June 14.
Dec.	12		Received electric bill for $27,760. Vigilante plans to pay the bill in early January.
	31		Determined wages of $25,000 were earned but not yet paid on December 31 (disregard payroll taxes).

Prepare journal entries for each of these transactions.

Prepare the adjusting entries required on December 31.

2 4 6 Purchased and paid for merchandise. The invoice amount was $15,800; assume a perpetual inventory system Note: Enter debits before credits. Date General Journal Debit Credit January 15