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 $14,300; assume a perpetual inventory system. Apri1 1 Borrowed $778,000 from Sumexit Bank for general use; signed a 10-month, 11 annua1 interest-bearing note for the money. June 14 Received a $24,000 custoner deposit for services to be performed in the future. July 15 Performed $2,950 of the services paid for on June 14 . December 12 Recelved electric bill for $26,160. Vigeland plans to pay the bill in early January. December 31 Determined wages of $14,000 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. 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 $14,300 purchase of merchandise assuming a perpetual inventory system. Note: Enter debits before credits. Journal entry worksheet 5 Record $778,000 borrowed for general use; signing a 10 -month, 11% annual interest-bearing note for the money. Note: Enter debits before credits. Journal entry worksheet. Record the a $24,000 received as customer deposit for services to be performed in the future. Note: Enter debits before credits. Journal entry worksheet Record the $2,950 services paid on July 15 . Note: Enter debits before credits. Journal entry worksheet Record the $26,160 electric bill for to be paid in early January. Note: Enter debits before credits