how do u journalize this transaction discription

4 January Ed borrowed $16,000 from a bank to help fund his new business. Signed a 6% promissory note (note payable) to be paid in four equal installments in December for the next four years along with accrued interest. Purchased $20 000 in an intindre 5 January 205 62 December 206 Paid installment (1/4th of principal) on note payable to Investment Bank from January plus accrued interest at 6%. See transaction 4 207 208