GnuCash how to do laptop purchase payment plan

[fair fax]

Thanks prl. That's exactly what I was asking for. Good to know creating
another seller liability account do the trick. I just want $100 liability
shows up in credit card account each month, not the cumulative liability.
That way at the end of each credit card billing cycle, the balance can be
"0" if I pay all the amount.

On Sun, Jul 19, 2015 at 11:33 AM, Mark Phillips <mark at phillipsmarketing.biz>
wrote:

> Oops....missed that part. Thanks, prl!
>
> Mark
> On Jul 18, 2015 8:25 PM, "prl" <prl at ozemail.com.au> wrote:
>
>> Fair Fax's description of the plan (which is possibly incomplete) is that
>> the credit card is charged $100 every month. There seems to be a separate
>> $1000 liability to the seller that is decreased by $100 each month when
>> $100 is charged to the credit card. The liability in the credit card is
>> then discharged by Fair Fax's normal method for paying his credit card debt.
>>
>> So on the basis of the description:
>>
>> On the transaction date, $1000 liability to the seller and $1000 tangible
>> asset (computer).
>> Each month, a scheduled transaction to transfer $100 of the liability to
>> the seller to the credit card as a liability.
>> Each month (probably on a different date), transfer whatever Fair Fax's
>> usual amount is from an asset account (e.g. cheque, savings) to the credit
>> card.
>>
>> But it really depends exactly how the seller charges on Fair Fax's credit
>> card.
>>
>> Peter
>>
>> On 19/07/2015 11:23, Mark Phillips wrote:
>>
>>> First Entry - You have a $1000 credit card (liability) balance and an
>>> asset
>>> (computer) valued at $1000.
>>>
>>> Set up a monthly recurring transaction that takes $100 from your checking
>>> account and put that as a payment to your credit card account.
>>>
>>> In 10 months, your credit card balance will be $0 (unless you have other
>>> charges).
>>>
>>> Mark
>>>
>>> On Sat, Jul 18, 2015 at 12:28 PM, fair fax <fairfax.six at gmail.com>
>>> wrote:
>>>
>>>  Hello,
>>>>
>>>> I bought a laptop for $1000 online and paid by credit card. The payment
>>>> plan is 10-month payment with 0% interest rate. So it charges $100 to my
>>>> credit card each month. In this case, how do I do it on GnuCash? Split
>>>> transaction has to be happen on the same day, where I need the $100
>>>> credit
>>>> card bill split to 10 months. Hope the community can help me with this.
>>>> Appreciated!
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>>