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 $790,600 from Sumit Bank for general use; 5igned a 10-eonth, 12v annual interest-bearing note for the noney. June 14 Received a $26,000 custoner deposit for services to be performed in the future. December 12 Received electric bill for $26,160. Vigeland plans to pay the bill in early January. December 31 Determined wages of $25,000 were earned but not yet paid on December 31 (disregard payrotl taxes). Required: 1. Prepare journal entries for each of these transactions. 2. Prepare the adjusting entries required on December 31. Journal entry worksheet 45 Record the $16,100 purchase of merchandise assuming a perpetual inventory system. Note: Enter debits before credits. Journal entry worksheet Record $790,000 borrowed for general use; signing a 10-month, 12% annual interest-bearing note for the money. Note: Enter debits before credits. Journal entry worksheet Record the a $26,000 received as customer deposit for services to be performed in the future. Note: Enter debits before credits. Journal entry worksheet