Required Information E2-15 Analyzing and Recording Transactions, and Preparing and Evaluating a Balance Sheet (LO 2-2, LO 2-3, LO 2-4, LO 2-5) Business Sim Corp. (BSC) issued 2,000 common shares to Kelly in exchange for $27,000. BSC borrowed $48.000 from the bank, promising to repay it in two years. BSC pald $53,000 for computer equipment with check number 101 and signed a note for $8,000 due in six months. BSC received $1,350 of supplies purchased on account. SSC's loan contains a clause ("covenant) that requires BSC to maintain a ratio of current assets to current abilities of at least 2.4. E2-15 Part 1 Required: 1. Identify the transactions and analyze their accounting equation effects. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity