Computer Purchased on credit

@Chad Hartley 

Create a fixed asset account called Equipment or something similar if you don't already have one.  Also, create a loan payable liability account called Dell Loan Payable or something similar.  Then, create a journal entry: debit the Equipment fixed asset account and credit the Dell Loan Payable liability account for the balance owed.  You now have the computer listed in the asset section of your balance sheet and the loan payable in the liability section of your balance sheet.  Your CPA/tax accountant can give you the options for expensing/depreciating the computer.