Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December 31. January 15 April 1 June 14 July 15 December 12 Purchased and paid for merchandise. The invoice amount was $15,000; assume a perpetual inventory system. Borrowed $734,000 from Summit Bank for general use; signed a 10-month, 7 annual interest-bearing note for the money. Received a $35,000 customer deposit for services to be performed in the future. Performed $4,050 of the services paid for on June 14. Received electric bill for $26,260. Vigeland plans to pay the bill in early January. December 31 Determined wages of $26,000 were earned but not yet paid on December 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. Required 1 Required 2 Prepare journal entries for each of these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Adjusting entries will be recorded in Part 2. View transaction list Journal entry worksheet 1 2 3 4 5 Record the $15,000 purchase of merchandise assuming a perpetual inventory system. Note: Enter debits before credits. Date January 15 General Journal Debit Credit Record entry Clear entry View general journal