Business Sim Corp. (BSC) issued 1.500 common shares to Kelly in exchange for $22,000. BSC borrowed $43,000 from the bank, promising to repay it in two years. BSC paid $48,000 for computer equipment with check number 101 and signed a note for $7,000 due in six months. BSC received $1,100 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 21 --a. Prepare journal entries for the transactions described. -b. Prepare T-accounts. Assume all beginning balances are zero. Complete this question by entering your answers in the tabs below. Red 2A Req 2B Journal entry worksheet 2 3 4 Business Sim Corp. (BSC) issued 1,500 common shares to Kelly in exchange for $22,000. Record the transaction. Note: Enter debits before credits Transaction General Journal Debit Credit Journal entry worksheet