Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December 31. Purchased and paid for merchandise. The invoice amount was $14,200; assume a perpetual inventory system. Borrowed $864,000 from Summit Bank for general use; signed a 10-month, 13% annual interest-bearing note for the money. Received a $35,000 customer deposit for services to be performed in the future. Performed $4,650 of the services paid for on June 14. December 12 Received electric bill for $27,360. Vigeland plans to pay the bill in early January. December 31 Determined wages of $24,000 were earned but not yet paid on December 31 (disregard payroll taxes). January 15 April 1 June 14 July 15 Required: 1. Prepare journal entries for each of these transactions. 2. Prepare the adjusting entries required on December 31. Journal entry worksheet 1 2 Date January 15 3 Record the $14,200 purchase of merchandise assuming a perpetual inventory system. Note: Enter debits before credits. Record entry 4 5 General Journal Clear entry Debit Credit View general journal > Journal entry worksheet < 1 2 Date April 01 3 Record $864,000 borrowed for general use; signing a 10-month, 13% annual interest-bearing note for the money. Note: Enter debits before credits. Record entry 4 5 General Journal Clear entry Debit Credit View general journal Journal entry worksheet < 1 3 Note: Enter debits before credits. Date June 14 Record the a $35,000 received as customer deposit for services to be performed in the future. Record entry 4 5 General Journal Clear entry Debit Credit View general journal Journal entry worksheet < 1 2 3 Record the $4,650 services paid on July 15. Note: Enter debits before credits. Date July 15 Record entry 5 General Journal Clear entry Debit Credit View general journal Journal entry worksheet < 1 2 3 4 Record the $27,360 electric bill for to be paid in early January. Note: Enter debits before credits. Date December 12 Record entry 5 General Journal Clear entry Debit Credit View general journal