Requlred Information [The following informotion opplies to the questions disployed below] Business Sim Corporation (BSC) entered into the following four transoctions: (a) Issued 1,500 common shares to Kelly in exchange for $23,000. (b) Borrowed $44,000 from the bonk, promising to repoy it in two years. (c) Bought computer equipment by signing check number 101 in the amount of $49,000 and signing a promissory note for $7,000 due in six months. This loan conteins o clause ("covenant") that requires Business Sim Corporation (BSC) to maintain a ratio of current assets to current liabilities of at least 22 (d) Received $1,150 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 deseribed. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Requlred Information [The following informotion opplies to the questions disployed below] Business Sim Corporation (BSC) entered into the following four transoctions: (a) lssued 1,500 common shares to Kelly in exchange for $23,000. (b) Borrowed $44,000 from the bonk, promising to repoy it in two years. (c) Bought computer equipment by signing check number 101 in the amount of $49,000 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 22 (d) Received $1,150 of supplies and promised to poy for them in 30 doys. 2-a. Prepare journal entries for the transoctions described. 2-b. Prepare T-occounts. Assume all beginning balances are zero. Complete this question by entering your answers in the tabs below. Prepsre T-sccounts. Assume all beginning belances are zero