Vigeland Company completed the following transactions during Year 1 . Vigeland's fiscal year ends on December 31. January 15 Purchased and paid for merchandise. The invoice anount was 314,700; assume a perpetual inventory April 1 Bystem. $612, 00e from Summit Bank for general use; signed a 10-month, 11 v annual interest-bearing June 14 note for the noney. July is Performed $3,450 custoner deposit for services to be performed in the future. December 12 Received electric of the services paid for on June 14 . December 31 Determined wages of $11 for $26,860. Vigeland plans to pay the bill in early January. 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 5 Record $612,000 borrowed for general use; signing a 10 -month, 11% annual interest-bearing note for the money. Note: Enter debits before creaits