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 amount was $$15,900$; assume a perpetual inventory system.

April $1$ Borrowed $$734,000$ from Summit Bank for general use; signed a $10-$month, $6\%$ annual interest$-$bearing note for the

money.

June $14$ Received a $$26,000$ customer deposit for services to be performed in the future.

July $15$ Performed $$4,350$ of the services paid for on June $14.$

December $12$ Received electric bill for $$26,360.$ Vigeland plans to pay the bill in early January.

December $31$ Determined wages of $$30,000$ were earned but not yet paid on December $31($disregard payroll taxes$).$

Required:

Prepare journal entries for each of these transactions.

Prepare the adjusting entries required on December $31.$