Once you make the decision what kind of shooting range you want, consider whether you are the kind of person who can operate under strict federal, state and local regulations, including safety, insurance, record keeping and reporting requirements.
(A debit entry in an expense account ultimately causes the credit balance in an owner's equity capital account to decrease.) If the company incurs the $500 repair expense but does not pay cash, the company will need to increase its liabilities. The increase to a liability account is achieved with a $500 credit.
The debit increases one side of the equation and the other side of the equation credits are increases. When Assets = Liabilities + Equity. If you do something to one side of the equation. ie...debit assets credit a different asset...no change..; same thing goes with liabilities and stockholder's equity.