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 $14,76e; assune a perpetual inventory April 1 system. Borrowed $612, 000 from Summit Bank for general use; signed a 10 -nonth, 11 s annual interest-bearing note for the money. June 14 Received a $31, eee custoner deposit for services to be perforned in the future. July 15 Performed $3,450 of the services paid for on June 14 . Decenber 12 Received electric bill for $26,860. Vigeland plans to pay the bill in early January. December 31 Determined wages of $11,000 were earned but not yet paid on Decenber 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 . Journal entry worksheet 5 Record the a $31,000 received as customer deposit for services to be performed in the future. Note: Enter debits before credits