Tel bow Solutions Inc. has made the following transactions. Please prepare the necessary journal entries (original and adjusting) as necessary. Date Description 2/2/17 Purchased goods from Brace Corp. for $70,000 (2/10, n/30). 2/26/17 The invoice was paid. Note: Tel bow Solutions Inc. (TES Inc.) records all purchases and payables at net. 4/1/17 TES Inc. purchased a truck for $50,000 from Ford Motor Company Fleet Sales Division. They paid $4,000 on purchase date and agreed to a 1-year, 12% note for the balance of the purchase price. 5/1/17 TES Inc. borrowed $83,000 from St. Paul National Bank by signing a $92,000 zero-interest bearing note due one year from May 1. 8/1/17 The TES Inc. board of directors declared a $300,000 cash dividend that was payable on September 10, 2017 to stockholders of record as of August 31, 2017. Additional Information: 1. TES Inc. year-end is 12/31. 2. Assume straight-line amortization of discounts.