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 $14,400; assume a perpetual inventory system. Apr. 1 Borrowed $832,000 from Summit Bank for general use; signed a 10-month, 10% annual interest- bearing note for the money. June14 Received a $19,000 customer deposit for services to be performed in the future. July15 Performed $3,950 of the services paid for on June 14. Dec. 12 Received electric bill for $26,860. Vigeland plans to pay the bill in early January. 31 Determined wages of $22,000 were earned but not yet paid on December 31 (disregard payroll taxes). 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 < 1 Record the adjusting entry required on December 31. Note: Enter debits before credits. Date December 31 General Journal Debit Credit