Thank you! I think I did this right?

How I created the Fixed Asset: 

1. Save Account Under: Construction Equipment (Other Current Asset)
2. Tax Form Section: Machinery & Equipment (Tax acct. put our excavator under "Other Current Asset", so not sure if I should make it the same or change excavator since past taxes have been done).
3. Account Name: Construction Equip-Truck

How I created the Long-Term Liability 

1. Account: Long-Term Liabilities
2. Tax Form Section: Shareholder Notes Payable.
3. Account Name: Loan for Truck. 

How I entered the two deposits:

1. Received From: Shareholder Name
2. Account: Loan for Truck

How I entered the two payments:

1. Category: Construction Equipment:Construction Equip-Truck

Fixed Asset Balance: $20,000.

Loan Balance for Truck: $18,000.

All payments have been categorized to "Loan for Truck" and the interest to "Interest Expense."

I cannot thank you enough if this is correct. I don't know why I was having such a hard time! Thank you! Thank you!