Help Save & Exit Sub Check my wor Required information (The following information applies to the questions displayed below) 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 $26,500; assume a perpetual inventory system. Apr. 1 Borrowed $700,000 from Summit Bank for general use; signed a 10-month, 61 annual interest-bearing note for the money. June14 Received a $15,000 customer deposit for services to be performed in the future. July15 Performed $3,750 of the services paid for on June 14. Dec. 12 Received electric bill for $27,860. Vigeland plans to pay the bill in early January 31 Determined wages of $15,000 were earned but not yet paid on December 31 (disregard payroll taxes). Required: 1. Prepare journal 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.) Journal entry worksheet 2 3 4 5 VIEWansaction list Journal entry worksheet 2 3 4 Hook Print Purchased and paid for merchandise. The invoice amount was $26,500; assume a perpetual inventory system. rices Note: Enter debits before credits. Date General Journal Debit Credit January 15 Record entry View general journal Clear entry