Can I get help with the T accounts with explanation on why we're putting things in DR/CR?

Presented below is the balance sheet for Bellville Family Dentistry on January 1. BELLVILLE FAMILY DENTISTRY Balance Sheet January 1, 2019 Assets Cash .... Accounts receivable ........ Land Building- $ 50,000 31,000 190,000 225,000 Liabilities & Stockholders' Equity Liabilities: Accounts payable . Total liabilities. Stockholders' equity: $ 75,000 $ 75,000 Equipment ........ 40.000 461,000 Common stock ... Total liabilities and stockholders' equity. Total assets. $536.000 $536,000 During the month of January, the following transactions occurred: Jan 3 10 14 25 The business borrowed $60,000 from the bank, giving a note payable due in 90 days. Additional common stock was issued in exchange for $25,000 cash. Equipment was purchased for $28,000 on credit (Accounts Payable). The business collected $20,000 of its accounts receivable and paid off $42,000 of its accounts payable (Two separate transactions). || TTI TTTT