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.
Another way to decrease a reserve account is to transfer the amount to another reserve account. For this purpose, you can debit the account you want to decrease and credit the new reserve account. Another way to decrease or remove the reserve account is to pay dividends to your investors in the form of cash or shares.