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 amount was $14,900; assume a perpetual inventory system. April 1 Borrowed $744,000 from Summit Bank for general use; signed a 10-month, 98 annual interest-bearing note for the money. June 14 Received a $26,000 customer deposit for services to be performed in the future. July 15 Performed $4,650 of the services paid for on June 14 . December 12 Received electric bill for $26,660. Vigeland plans to pay the bill in early January. December 31 Determined vages of $22,000 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. 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