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 $15,400; assume a perpetual inventory April 1 Borrowed $844,000 from Summit Bank for general use; signed a 10-month, 13\% annual interest-bearing note for the money. June 14 Received a $25,000 customer deposit for services to be performed in the future. July 15 Performed $4,150 of the services paid for on June 14 . December 12 Received electric bill for $26,760. Vigeland plans to pay the bill in early January. December 31 Determined wages of $19,000 were earned but not yet paid on December 31 (disregard payroll taxes). Required: 1. Prepare journal entries for each of these transactions. 2. Prepare the adjusting entries required on December 31 . Journal entry worksheet Record the $15,400 purchase of merchandise assuming a perpetual inventory system. Note: Enter debits before credits. Journal entry worksheet Record $844,000 borrowed for general use; signing a 10-month, 13% annual interest-bearing note for the money. Note: Enter debits before credits. Journal entry worksheet Record the a $25,000 received as customer deposit for services to be performed in the future. Note: Enter debits before credits. Journal entry worksheet 1 Record the $4,150 services paid on July 15 . Note: Enter debits before credits. Journal entry worksheet Record the $26,760 electric bill for to be paid in early January. Note: Enter debits before credits. Journal entry worksheet Record the $19,000 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 $844,000,13% annual interest-bearing note as on December 31. Note: Enter debits before credits