Recording payment made to shareholder loan from business bank account

RubyM55RubyM55 Member Posts: 2

I just want to make sure i'm understanding this correctly

I'm paying back a shareholder loan from a business bank account.
In journal transaction would I
Debit to shareholder loan
Credit to bank account.
Showing that I took money out of the bank account to pay the shareholder loan?

Thanks!

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