Go to the Company menu. Client bought a business with a loan, and I'm not sure how to record the asset side of the JE to put the loan on the books.You can dispose of the asset before or after entering the sale transactions. The only difference is which accounts you post to. The question is extremely unclear, so I am going to assume that there is a company (Y) that has sold someone (S) a loan (L). Read everything you need to know about fixed assets: terms, accounting, journal entries, ratios, financial statement treatment, and more. By doing this, you can include any deposits and fees at the same time as the purchase. Bruce Wayne of Wayne Enterprises has asked you to prepare a balance sheet for him. He gives you a list of his company's assets, and liabilities. Blockbuster (formerly called Blockbuster Video) is an American multimedia brand.