Help Save&ExitSubmit Check my work Required information Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $1 the bank, promising to repay it in two years BSC paid $35,000 for computer equipment with check number 101 and signed a note for $5,000 due in sik months. BSC received $900 of supplies purchased on account BSC's loan 2,000. BSC borrowed $30,000 from Part 1 of 4 contains a clause ("covenant that requires BSC to maintain a ratio of current assets to current liabilities of at least 13. points Required: Skipped 1. Identify the transactions and analyze their accounting equation effects. (Enter any decreases to account balances with a minus sign.) eBook Assets Print y- Totals Next > Chapter 2 Homework Help Save & Exit Submit Check my work 6 0 Required information Part 3 af 4 Business Sim Corp. (BSC) Issued 1,000 common shares to Kelly in exchange for $12,000. BSC borrowed $30,000 from the bank, promising to repay it in two years. BSC paid $35,000 for computer equipment with check number 101 and signed a note for $5,000 due in six months. BSC received $900 of supplies purchased on account. BSC's loan contains a clause (covenant) that requires BSC to maintain a ratio of current assets to current liabilities of at least 1.3 points 3. Assuming BSC entered into no other activities during its first year ended September 30, prepare the company's classified balance sheet Include a balance of zero in Retained Earnings Print BUSINESS SIM CORP Relerences Balanco Shoot