Described below are certain transactions of Tamarisk Corporation. The company uses the periodic inventory system. 1. On February 2 the corporation purchased gods om Martin oman or 67,500 sub ect to cash disco ter s 210, 30 Purchases and accounts payable are record do hecop ration at etamounts after an discounts. The invoice was paid on February 26 2. On April 1 the corporation bought a truck for S47 000 from General Motors Company, paying $5,000 n cash and signing a one- ear, 10% note for the Dala ceof the purchase price 3. On May 1, the corporation borrowed $82,400 from Chicago National Bank by signing a $91,040 zero-interest-bearing note due one year from May 1 4. On August 1, the board of directors declared a $307,900 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 0 for the amounts. Credit account tities are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit February 26 May 1 Tamarisk Corporation's year-end is December 31. Assuning that no adjusting entries relative to the transactions above have been recorded, prepare any adjusting journal entries concerning interest that are necessary to present fair financial statements at December 31. Assume straight-line amortization of discounts. (if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) No. Account Titles and Explanation Debit Credit 2. 3. 4