on Oct. 1 2006 A medical clinic, $1,000,000 and land, $250,000 were acquired by paying $50,000 in cash and issuing a 5-year, 20% note payable
(interest is payable every 6 months) for the $1,200,000 balance.

Oct. 1 Acquired medical eqp. costing $420,000 and medical suppl. amounting to $39,000 by paying $59,000 cash in issuing a 24% note payable, maturing in 6 months, for the $400,000 balance.

I don't really know wat to post in my journal entries! i have an idea but i'm not very sure!

2006
oct. 1
(Dr.)medical clinic and land $1,250,000
(Cr.)20% note payable $1,200,000
(Cr.)cash 50,000

(Dr.)medical equp. and medical supp. $459,000
(Cr.)24%note payable 400,000
(Cr.)cash 59,000

. can anyone explain me?
and if there are a double entre and you post 1 Dr. and 2 Cr. or viceversa!?
wat do you call or if there are an entre were there are 2 Dr. and 2Cr?..