Required Information [The following information applies to the questions displayed below] Business Sim Corporation (BSC) entered into the following four transactions: (a) Issued 1,500 common shares to Kelly in exchange for $20,000. (b) Borrowed $41,000 from the bank, promising to repay it in two years. (c) Bought computer equipment by signing check number 101 in the amount of $46,000 and signing a promissory note for $6,000 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 2.1. (d) Received $1,000 of supplies and promised to pay for them in 30 days. 2-6. 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. Req 2A Req 28 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.) View transaction list Journal entry worksheet 2 3 4 Business Sim Corp. (BSC) issued 1,500 common shares to Kelly in exchange for $20,000. Record the transaction. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal >