Bought New Vehicle, Paid off Old.

THANK YOU! So I already paid the 5K via a check through this company already. Should I still do the journal entry for the 5K? I forgot to mention that in the beginning.. Thank you again! 

Thank you! I tried to respond before. So I have everything in. My final question is - we already paid the cash out of the checking account. By that I mean I wrote a check for 5K, for the initial deposit. Do I still put that on the credit side? I can't relate it to a cash account so it'll have to be the Business Checking account I put it against on the left column. Won't that affect my actual cash balances? Thank you! 

@trouts 

"I wrote a check for 5K, for the initial deposit."

In that case, the best thing to do (IMO) is to pull up the check and delete whatever account you assigned to it when you wrote it.  Enter all of the debits from the journal entry as positive amounts and all credits (except the $K check) as negative amounts.  That should leave the check balance at $5K and it will make the exact same journal entry but it uses the check to do it.  This way, you have the check to reconcile on your bank statement.  Finally, make sure to delete the journal entry.   

@trouts 

EDIT: Enter all of the debits from the journal entry as positive amounts and all credits (except the $5K check)