You got it right, @FMW.

Let's record your interest transactions under Interest Expense Account.

Here's how:

1. Go to the Banking Page.
2. Choose the Banking tab.
3. Look for the interest transaction in the For Review tab.
4. Expand the transaction.
5. In the Category section, look for Interest Expense Account.
6. Click Add.

Don't hesitate to leave a post below if you have other questions categorizing your income and expense transactions. I'm always here to help.