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We will be borrowing up to $500,000 by the end of the loan and within this year. What would change? Thanks for your help.

Our church recently bought a new building and I need help setting it up. I know to set up a fixed assest account and a liability account. The church bought the building for $265000 but included in the loan was the origination fee of $5000 and first month's interest of $864.61. We are paying interest...