Check my Required information Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $12,000. BSC borrowed $30,000 from the bank, promising to repay it in two years. BSC purchased computer equipment for $40,000, signing a six-month note for $5,000, and paying the balance with check number 101. BSC received $900 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 1.3. 2-a. Prepare journal entries for the transactions described. 2-b. Prepare T-accounts. Assume all beginning balances are zero. Complete this question by entering your answers in the tabs below. 4/ Reg 2A Reg 28 Prepare T-accounts. Assume all beginning balances are zero. Cash Supplies Beg Bal Beg Bal 2-b. Prepare l-accounts. Assume all beginning balances are zero. Complete this question by entering your answers in the tabs below. Reg 2A Reg 2B Prepare T-accounts. Assume all beginning balances are zero. Cash Supplies Beg Bal. 1 Beg Bal. 35,000 3 12,000 30,000 9004 2 ces End Bal 7.000 End. Bal 900 Equipment Accounts Payable Beg Bal Beg Bal 4 40.000 900 End. Bal 40,000 End Bal 900 IRON MAI | HD | Required information End. Bal 40,000 End. Bal 900 Notes Payable (long-term) Notes Payable (short-term) Beg. Bal Beg. Bal 5,000 End. Bal. 5,000 End. Bal + Common Stock Beg Ball nces End Bal