I bought the business for $65,000.00 payable in 6 months. What journal entries do I make?

@judy-engagedhome 

It depends on what you bought for $65K.  I assume this was an asset sale?  Was it equipment, inventory, goodwill, non-compete, etc.?  Your purchase agreement should break that out since both you and the seller will need to report the asset allocation to the IRS.  Was this paid for in cash, financed by a bank/seller, or a combination thereof?  Are you a sole proprietorship, S-corp, or ???