Journal entry worksheet BSC bought computer equipment by signing check number 101 in the amount of $53,000 and signing a promissory note for $8,000 due in six months. Record the transaction. Note: Enter debits before credits. Journal entry worksheet BSC borrowed $48,000 from the bank, promising to repay it in two years. Record the transaction. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below.] Business Sim Corporation (BSC) entered into the following four transactions: (a) Issued 2,000 common shares to Kelly in exchange for $27,000. (b) Borrowed $48,000 from the bank, promising to repay it in two years. (c) Bought computer equipment by signing check number 101 in the amount of $53,000 and signing a promissory note for $8,000 due in six months. This loan contains a clause ("covenant") that requires Business Sim Corporation (BSC) to maintain a ratio of current assets to current liabilities of at least 2.4. (d) Received $1,350 of supplies and promised to pay for them in 30 days. 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. Prepare journal entries for the transactions described. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Business Sim Corp. (BSC) issued 2,000 common shares to Kelly in exchange for $27,000. Record the transaction. Note: Enter debits before credits. Journal entry worksheet BSC received $1,350 of supplies and promised to pay for them in 30 days. Record the transaction. Note: Enter debits before credits