Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December 31. January 15 Purchased and paid for merchandise. The invoice anount was $15,400; assune a perpetual inventory Apri1 1 Borrowed $610,000 from summit Bank for general use; signed a 10 -month, 88 annual intereat-bearing June 14 note for the money. Received a $19,000 customer deposit for services to be performed in the future. July 15 Performed $2,750 of the Bervices paid for on June 14 . December 12 Received electric bill for $27,060. vigeland plans to pay the bil1 in early January. Decenber 31 Determined wages of $19,000 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. Prepare journal entries for each of these transactions Nrepare journal entries for cach or these transactions. recorded in Part 2 . Journal entry worksheet 2 Record the $15,400 purchase of merchandise assuming a perpetual inventory system. Note: Enter debits before credits. 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. Journal entry worksheet Record the $19,000 wages earned but not yet paid on December 31 (disregard payroll taxes). Note: Enter debits before credits. 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. Journal entry worksheet 5 Record $610,000 borrowed for general use; signing a 10-month, 8% annual interest-bearing note for the money. Notes Enter debits before credits. 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. Journal entry worksheet Record the a $19,000 received as customer deposit for services to be performed in the future. Note: Enter debits belore credits. 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. Journal entry worksheet Note: Enter debits before credits Prepare joumal 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 . Journal entry worksheet