provide a journal entry for this situation. Along with an explanation

Option 2: Handel's currently has an outstanding bank loan of $200,000 that is due on March 31, 2021. Although the business has the cash to pay in full on the due date, Tony is confident that the bank would allow him to refinance the loan for another two years at the current market rate of 6%. He could then use the money that he would have paid to the bank, along with other cash that is in the business bank account, to purchase the warehouse. With this option, the sale would close on March 31, 2021. Tony is concerned because he believes this keeps the current loan on the financial statements at year-end without adding any assets. For this alternative, Tony is unsure how to prepare a journal entry for the purchase of the warehouse and has asked for your help with it. He has also asked which of the two options you think would be best for purchasing the warehouse