i need help with the equity part

Required information Use the following information for the Quick Studies below. (Static) [The following information applies to the questions displayed below.] On January 1, MM Company borrows $340,000 cash from a bank and in return signs an 8% instaliment note for five annual payments of $85.155 each. QS 10-15 (Static) Financial statement impact of note transactions LO C1 Analyze transactions involving issuance of the note and its first annual payment, by showing their effects on the accounting equationspecifically, identify the accounts and amounts (including + or ) foc each transaction. signs an 8% installment note for five OC1 Iowing their effects on the accounting equation