Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000, and has cash on hand of $20,000 contributed by Lannis owners. For each of the following transactions, identify the real and/or financial assets that trade hands. Are any financial assets created or destroyed in the transaction?

1. Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years.