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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 anount was \$14,700; assune a perpetual inventory April 1 system. Bystem, $612, eee from Sumit Bank for general use; signed a 10 -month, 11 i annual interest-bearing note for the noney. June 14 Received a $31,000 custoner deposit for services to be perforned in the future. Juty 15 Perforned $3,450 of the services paid for on June 14 . Decenber 12 Received electric bill for $26,860. Vigeland plans to pay the bill in early January. Decenber 31 Determined wages of $11, eeo were earned but not yet paid on Decenber 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 the adjusting entries required on December 31. Note: If no entry is required for a transactionvevent," select "No journal entry required" in the first account field. Journal entry worksheet Record the adjusting entry for interest expense on the $612,000,11% annual interest-bearing note as on December 31. Note: Enter debits before credits. 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 anount was \$14,700; assune a perpetual inventory April 1 system. Bystem, $612, eee from Sumit Bank for general use; signed a 10 -month, 11 i annual interest-bearing note for the noney. June 14 Received a $31,000 custoner deposit for services to be perforned in the future. Juty 15 Perforned $3,450 of the services paid for on June 14 . Decenber 12 Received electric bill for $26,860. Vigeland plans to pay the bill in early January. Decenber 31 Determined wages of $11, eeo were earned but not yet paid on Decenber 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 the adjusting entries required on December 31. Note: If no entry is required for a transactionvevent," select "No journal entry required" in the first account field. Journal entry worksheet Record the adjusting entry for interest expense on the $612,000,11% annual interest-bearing note as on December 31. Note: Enter debits before credits

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