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 $15,900; assume a perpetual inventory system. Apr. 1 Borrowed $896,000 from Summit Bank for general use; signed a 10-month, 13% annual interest-bearing note for the money. June 14 Recelved a $15,000 customer deposit for services to be performed in the future. July 15 Performed $3,350 of the services paid for on June 14. Dec. 12 Received electric bill for $26,060. Vigeland plans to pay the bill in early January. 31 Determined wages of $14,000 were earned but not yet paid on December 31 (disregard payroll taxes) 10.00 points Required 1. Prepare joumal 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 6 Purchased and paid for merchandise. The invoice amount was $15,900; assume a perpetual inventory system. Note: Enter debits before credits. Date General Journal Debit Credit January 15 Record entry Clear entry View general journal 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