Record equipment bought by using loaned money

I borrow loan from the bank and bought some equipment using that borrowed amount. Bank directly paid that amount to the vendor. Now I want to record this transaction, is there any other way to record this transaction? Or I should do this transaction as the same way as I bought the equipment using my own money?  Thanks

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Thank you for bringing your question to our attention. Since you have a loan and the equipment too, +journal entry. You have to :

Debit equipment (asset)

Credit loan (liability)

Many thanks

Answered on September 19, 2018.
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