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 $16,100; assume a perpetual inventory April 1 Borrowed $642,000 from Sumnit Bank for general use; signed a 16-month, Bw annual interest-bearing Received a $32,000 customer deposit for services to be performed in the future. December Performed $2,950 of the services paid for on June 14. December 31 Deceived electric bill for $27,660. Vigeland plans to pay the bill in early January. Required: 1. Prepare journal entrles for each of these transactions. 2. Prepare the adjusting entries required on December 31 . Record the $16,100 purchase of merchandise assuming a perpetual inventory system. Note: Enter debits before credits. Record $642,000 borrowed for general use; signing a 10-month, 8% annual interest-bearing note for the money. Note: Enter debits before credits. Record the a $32,000 received as customer deposit for services to be performed in the future. Note: Enter debits before credits. Record the $2,950 services paid on July 15 . Note: Enter debits before credits. Record the $27,660 electric bill for to be paid in early January. Note: Enter debits before credits