Accounting transaction help?

The team , of course , go into the books as if acquired by the company 's owner, becomes a split transaction , from 3000 to 2000 and stockholders' equity of responsibility ( bank) if the company is assuming the debt , or about 5000 in equity ( ignoring the responsibility of the owner of the bank) if the debt remains with the owner instead of being taken by the company . MedlinePlus MedlinePlus I guess the company assumes the Bank loan and its interest expense . MedlinePlus MedlinePlus Each month , payment is due , we have to find the money in the bank account to pay , as interest expense . One would expect that also have to pay the bank first transaction , the bank account bank loan liability . MedlinePlus MedlinePlus The team is a depreciable capital account , so it must be configured with an accumulated depreciation account . While you only need a depreciation account for all equipment of a particular class , you can keep separate accounts if most classes contain only one or two pieces of equipment .