You need to delete the original cost in the fixed assets account so it will not double the amount when entering the purchase transaction, sallypeter.

Let's go to the Chart of Accounts and delete the Opening Balance from there. 

Here's how:

1. Go to the Gear icon.
2. Select Chart of Accounts under Your Company.
3. Find the account and click Account history.
   
4. Search the entry with Opening Balance on the Memo, select it, then click Delete.
   
   
5. Click Yes to confirm.
   
   

Once done, create an expense transaction for this equipment. Then, only select the asset account under the Category details. For further information on how to record and edit your expenses, please visit this link: Enter and manage costs in QuickBooks Online.

Upon sharing the steps above, I suggest consulting with your accountant. They can provide the best practices for recording the transaction to keep your financial records accurate.

Additionally, I'll include this link to assist you in reconciling your accounts to consistently align with your bank and credit card statements: Reconcile an account in QuickBooks Online.

If you need help with recording purchase transactions or any QuickBooks concerns, I'm here to support you. Just let me know how I can assist.