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How do I show the balance in the liability/new loan account? When I add a new account, the balance block is not accessible. Do I debit expenses accounts for all of the fees: i.e. search title, lawyer's fee, bank point charged, interest for first month. There is no account to credit. I didn't literally write a check for those expenses. The loan was for $95,000 but after deduction of expenses, now is $92,354.83. That's how much was deposited to our money market account. Do I simply debit the MM account, in this case named "sanctuary renovation" and debit the expenses and credit the liability for the full $95,000?

If I understand your question correctly, your church borrowed $95,000 which included the closing expenses you paid. What I would recommend is to debit cash for what your received, debit an expense account like bank fees or loan fees or something like that. You may already have an account for bank fees or financial service charges. To balance the entry, I would credit a liability account. When you make payments, you will debit interest expense, debit the liability for the amount of principal reduction and then a credit to cash.