Vigeland Company completed the following transactions during Year 1. Vigelands fast year ends on December 31. Jan.15 Purchased and paid for merchandise. The invoice amount was $25,500; assume a percent inventory system. Apr, 1 Borrowed $788,888 from Summit Bank for general use; signed a 12-monts, and interest bearing note for the money. June 14 Received a $15,089 customer deposit for services to be performed in the sture. July15 Performed $3,750 of the services paid for on June 14. Dec. 12 Received electric bill for $27,868. Vigeland plans to say the bill in sari January. 31 Determined wages of $15,000 were earned but not yet paid on December 31 (disregard roll taxes). Required: 1. Prepare journal entries for each of these transactions. (If no entry is required for a transactionlevent, selec journal entry required" in the first account field.) View transaction list Journal entry worksheet Purchased and paid for merchandise. The invoice amount was $26,500; assume a perpetual inventory system. Note: Enter debits before credits Date General Journal Debit Credit January 15 Inventory 26 500 Record entry Clear entry View general journal Journal entry worksheet 1 2 4 5 6 Borrowed $700,000 from Summit Bank for general use; signed a 10-month, 6% annual interest-bearing note for the money. Note: Enter debits before credits. Date General Joumal Debit Credit April 01 Record entry Clear entry View general journal Journal entry worksheet