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 $14,500; assume a perpetual inventory system. Apr. 1 Borrowed $666,000 from Summit Bank for general use; signed a 10-month, 13% 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 $4,250 of the services paid for on June 14. Dec. 12 Received electric bill for $26,660. Vigeland plans to pay the bill in early January. 31 Determined wages of $15,000 were earned but not yet paid on December 31 (disregard payroll taxes). value: 1.00 points Required 1. Prepare journal entries for each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 4 6 Purchased and paid for merchandise. The invoice amount was $14,500; assume a perpetual inventory system Note: Enter debits before credits. Date General Journal Debit Credit January 15 Record entry Clear entry View general journal value: 2.00 points 2. Prepare the adjusting entries required on December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry required on December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal