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 December 31 Required: Purchased and paid for merchandise. The invoice amount was $14,900; assume a perpetual inventory system. Borrowed $882,000 from Summit Bank for general use; signed a 10-month, 13% annual interest-bearing note for the money. Received a $32,000 customer deposit for services to be performed in the future. Performed $4,250 of the services paid for on June 14. Received electric bill for $26,660. Vigeland plans to pay the bill in early January. Determined wages of $26,000 were earned but not yet paid on December 31 (disregard payroll taxes). 1. Prepare journal entries for each of these transactions. 2. Prepare the adjusting entries required on December 31. > Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the adjusting entries required on December 31. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. No Date General Journal 1 December 31 Wage expense Wages payable 2 December 31 Interest expense Interest payable < Required 1 Required 2 Debit Credit 26,000 26,000 767,340 767,340