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 $25,000. (b) Borrowed $46,000 from the bank, promising to repay it in two years. (c) Bought computer equipment by signing check number 101 in the amount of $51,000 and signing a promissory note for $7,000 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 $1,250 of supplies and promised to pay for them in 30 days. Required: 1. Analyze the accounting equation effects of each of these four transactions. (Enter any decreases to account balances with a minus sign.) 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 $25,000. Record the transaction. Notel Finter debits before credits