Vigeland Company completed the following transactions during Year Vigeland's fiscal year ends on December
January Purchased and paid for merchandise. The invoice amount was $; assume a perpetual inventory system.
April Borrowed $ from Summit Bank for general use; signed a month, annual interestbearing note for the
money.
June Received a $ customer deposit for services to be performed in the future.
July Performed $ of the services paid for on June
December Received electric bill for $ Vigeland plans to pay the bill in early January.
December Determined wages of $ were earned but not yet paid on December disregard payroll taxes
Required:
Prepare journal entries for each of these transactions.
Prepare the adjusting entries required on December
