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 $15,200; assume a perpetual inventory system. April 1 Borrowed $700,000 from Summit Bank for general use; signed a 10-month, 118 annual interest-bearing note for the money. June 14 Received a $17,000 customer deposit for services to be performed in the future. July 15 Performed $4,150 of the services paid for on June 14. December 12 Received electric bill for $26,060. Vigeland plans to pay the bill in early January. December 31 Determined wages of $22,000 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 joumal entry required" in the first account field. Adjusting entries will be recorded in Part 2. Journal entry worksheet