Required informetion E2-15 (Algo) Analyzing and Recording Transactions, and Preparing and Evaluating a Balance Sheet [LO 21, LO 2-2, LO 2-3, LO 2-4, LO 2-5] [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 $19,000, (b) Borrowed $40,000 from the bank. promising to repay it in two years. (c) Bought computer equipment by signing check number 101 in the amount of $45,000 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 2.0 . (d) Recelved $950 of supplies and promised to pay for them in 30 days. E2-15 (Algo) Part 2 2.0. Prepare joumal entries for the transactions descibed. 2-b. Prepare T-accounts. Assume all beginning balances are zero