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 $14,300; assume a perpetual inventory Apri1 1 Borrowed $670,000 from Summit Bank for general use; signed a 10-zonth, 88 annual interest-bearing note for the money, June 14 Received a $24,000 customer deposit for servicen to be performed in the future. Joly is performed $3,150 of the services paid for on June 14 . December 12 Received electric bil1 for $25,860. Vigeland plans to pay the bil1 in early January. December 31 Determined wages of $14,000 were earnod 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 . 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 Journal entry worksheet 2 Record the $14,300 purchase of merchandise assuming a perpetual inventory system. Note: Enter debits before credits. Journal entry worksheet 5 Record $670,000 borrowed for general use; signing a 10-month, 8% annual interest-bearing note for the money. Note: Enter debits before credits. Record the a $24,000 received as customer deposit for services to be performed in the future. Note: Enter debits before credits. Journal entry worksheet Record the $3,150 services paid on July 15 . Note: Enter debits before credits. Record the $25,860 electric bill for to be paid in early January. Note: Enter debits before credits. Journal entry worksheet Record the $14,000 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 $670,000,8% annual interest-bearing note as on December 31. Note: Enter debits before credits