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 $14,460; assume a perpetual inventory April 1 Borrowed $724,000 from Summit Bank for general use; signed a 10-month, 98 annual interest-bearing June 14 note for the money. Received a $33,000 customer deposit for service to b pe ormed in the future. December 12 Received electric bill for $27,760. Vigeland plais to a y bill in early January. December 31 Determined wages of $26,800 were earned but not i t pa o. December 31 (disregard payroll taxes). 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 journal 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. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first a recorded in Part 2. Journal entry worksheet 5 Record the $14,400 purchase of merchandise assuming a perpe ual inventory system. Note: Enter debits before credits. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account recorded in Part 2. Journal entry worksheet Record $724,000 borrowed for general use; signing a 10 ont 9 annual interest-bearing note for the money. Note: Enter debits before credits. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first accoun recorded in Part 2. Journal entry worksheet Record the a $33,000 received as customer deposit for services to be performed in the future. Note: Enter debits before credits: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. recorded in Part 2. Journal entry worksheet 5 Record the $4,450 services paid on July 15 . Note: Enter debits before credits. Note: If no entry is required for a transaction/event, select "No fournal entry required" in the first account field recorded in Part 2 . Journal entry worksheet