Hi, most of this question is complete I highlighted in red the two parts I need help with.

The first question I need the correct name for the journal entry here is the list:

• Accounts Payable
• Advertising Revenue
• Bank Loan Payable
• Cash
• Cost of Goods Sold
• CPP Payable
• Current Portion of Long-Term Debt
• Customer Loyalty Provision
• Dividends Payable
• EI Payable
• Employee Income Taxes Payable
• Equipment
• Gift Card Liability
• Interest Expense
• Interest Payable
• Inventory
• Long-Term Loan Payable
• Membership Revenue
• Miscellaneous Expense
• No Entry
• Operating Expenses
• Parts Inventory
• Prepaid Rent
• Registration Revenue
• Rent Expense
• Rent Payable
• Sales Revenue
• Service Revenue
• Subscription Revenue
• Unearned Revenue
• Unearned Warranty Revenue
• Union Dues Payable
• Wages Expense
• Wages Payable
• Warranty Expense
• Warranty Provision
• Warranty Revenue
• WCB Expense

On June 30, 2020, Kovacs Company borrowed $375,000 at a bank by signing a five-year, 10% loan. The terms of the loan require equal semi-annual principal payments plus interest beginning December 31, 2020. The loan agreement requires the company to maintain a current ratio of 2.5. The December 31, 2020, year-end statement of financial position, immediately prior to the bank loan repayment and the reclassification of long-term debt, follows: Current assets $189,000 492,000 Non-current assets Current liabilities Loan payable Common shares Retained earnings Total liabilities and shareholders' equity $45,000 375,000 153,000 108,000 Total assets $681,000 $681,000 Prepare journal entries to record the principal and interest payment on December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Interest Expense 18,750 Long-Term Loan Payable 37,500 Current Portion of Long-Term Debt 56,250 Prepare the journal entries to reclassify the portion of the long-term loan as current. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Long-Term Loan Payable 75,000 Current Portion of Long-Term Debt 75,000 e Textbook and Media List of Accounts Your answer is partially correct. Does Kovacs Company comply with the current ratio requirement after preparing the journal entries above? (Round answer to 2 decimal places, e.g. 1.25.) 1.58 Current ratio Kovacs Company does not meet the bank's minimum current ratio