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Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December...

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Accounting

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 $15,900; assume a perpetual inventory system.
April 1 Borrowed $734,000 from Summit Bank for general use; signed a 10-month, 6% annual interest-bearing note for the
money.
June 14 Received a $26,000 customer deposit for services to be performed in the future.
July 15 Performed $4,350 of the services paid for on June 14.
December 12 Received electric bill for $26,360. Vigeland plans to pay the bill in early January.
December 31 Determined wages of $30,000 were earned but not yet paid on December 31(disregard payroll taxes).
Required:
Prepare journal entries for each of these transactions.
Prepare the adjusting entries required on December 31.
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