Vigeland Company completed the following transactions during 2014. The annual accounting period ends December 31, 2014. Jan. 15 Purchased and paid for merchandise for resale at an invoice cost of $15,600; periodic inventory system. Apr. 1 Borrowed $850,000 from Summit Bank for general use; executed a 9-month, 7 percent interest-bearing note payable. June 14 Received a $32,000 customer deposit from Mark Muller for services to be performed in the future. July 15 Performed $4,350 of the services paid for by Mr. Muller. Dec. 12 Received electric bill for $26,660. The company will pay it in early January. 31 Determined wages of $22,000 earned but not yet paid on December 31 (disregard payroll taxes). 2.value: 10.00 pointsRequired information 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.)