5 Part 1 of 4 Required information Business Sim Corp. (BSC) issued 1,500 common shares to Kelly in exchange for $21,000. BSC borrowed $42,000 from the bank, promising to repay it in two years. BSC paid $47,000 for computer equipment with check number 101 and signed a note for $6,000 due in six months. BSC received $1,050 of supplies purchased on account. BSC's loan contains a clause ("covenant") that requires BSC to maintain a ratio of current assets to current liabilities of at least 2.2. 2.77 points 8 04:12:12 Required: 1. Identify the transactions and analyze their accounting equation effects. (Enter any decreases to account balances with a minus sign.) eBook Assets Liabilities Stockholders' Equity Hint 1. 2. 3. Print 4. Totals Recent Reference