Saved Required information P9-1 (Algo) Recording and Reporting Current Liabilities L09.1 (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 $15.500; assume a perpetual inventory system Apr. 1 Borrowed $892,000 from Sumit Bank for general use; signed a 10-month, 9annual Interest-bearing note for the money. June 14 Received a $23,000 customer deposit for services to be performed in the future July 15 Performed $3,650 of the services paid for on June 14. Dec. 12 Received electric bill for $26,560. Vigeland plans to pay the bill in early January 31 Determined wages of $21,000 were earned but not yet paid on December 31 (disregard payroll taxes). P9-1 Part 2 2. Prepare the adjusting entries required on December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry required on December 31. Note: Enter debits before credits pure te djusting entries required on December 31. (if no entry is required for a transaction/event, select required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry required on December 31. Note: Enter debits before credits General Journal Debit Credit Date December Record entry Clear entry View general journal