Described below are certain transactions of Pearl Corporation. The company uses the periodic inventory system. 1. On February 2, the corporation purchased goods from Martin Company for $63,200 subject to cash discount terms of 2/10, n/30. Purchases and accounts payable are recorded by the corporation at net amounts after cash discounts. The invoice was paid on February 26. 2. On April 1, the corporation bought a truck for $46,000 from General Motors Company, paying $4,000 in cash and signing a one-year, 12% note for the balance of the purchase price. 3. On May 1, the corporation borrowed $77,200 from Chicago National Bank by signing a $86,080 zero-interest- bearing note due one year from May 1. 4. On August 1, the board of directors declared a $275,100 cash dividend that was payable on September 10 to stockholders of record on August 31. Make all the journal entries necessary to record the transactions above using appropriate dates. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Debit 61936 February 2 Inventory Accounts Payable 61936 February 26 Accounts Payable 61936 Purchase Discounts 1264 Cash 63200 April 1 Trucks 46000 Cash 4000 Notes Payable 46000 May 1 Cash 77200 Discount on Notes Payable 3880 Notes Payable 86080 August 1 Retained Earnings 275100 Dividends Payable 275100 September 10 - Dividends Payable 275100 arl Corporation's year-end is December 31. Assuming that no adjusting entries relative to the transactions love have been recorded, prepare any adjusting journal entries concerning interest that are necessary to prese ir financial statements at December 31. Assume straight-line amortization of discounts. (If no entry is equired, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are utomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Debit Credit No. Account Titles and Explanation 1. No Entry No Entry Accounts Receivable Accounts Payable 3. Interest Payable Discount on Notes Payable 4. No Entry No Entry Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS