Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December 31. Jan. 15 Purchased and paid for merchandise. The invoice amount was $14, 900;assume a perpetual inventory system. Apr. 1 Borrowed $742,000 from Summit Bank for general use;signed a 10-month, 8% annual interest-bearing note for the money. June 14 Received a $35,000 customer deposit for services to be performed in the future. July 15 Performed $2, 950 of the services paid for on June 14. Dec. 12 Received electric bill for $26, 660. Vigeland plans to pay the b n early January. 31 Determined wages of $20,000 were earned but not yet paid on December 31 (disregard payroll taxes). Prepare journal entries for each of these transactions. Purchased and paid for merchandise. The invoice amount was $14, 900;assume a perpetual inventory system