To record amortization amounts you will require two accounts.Based on the information shown it would appear as account 1825 is the account to accumulate the amortization each year. The second account is an Amortization Expense account (5xxx). Then your entry would be Dr 5xxx and Cr 1825 for the amount of the amortization. Each year account 1825 will increase until at some point it will equal account 1820 which will always show the original cost of the items included. Most financial records would show a sub-total account providing the net amount of 1820 and 1825.

Amortization funds do not come from the bank. This is a non-cash entry used to record a cost of using a large cost item without having to expense the item in a single accounting period. 

Thank you for replying, How would i make an entry so that the bank account shows the amount of the two items being paid, if i don't take the amount out then i won't be able to reconcile my accounts correctly?

Sorry, Nicole, I thought you had this entry already made. The first entry, at the time of purchase, would be a credit to the bank with the balancing debit being the Fixed Asset account for Furniture and Fixtures. If taxes are paid the debit would be to the respective tax accounts involved. 

The entry would be:

1060      Bank - Cheque                  CR                  12,000.00

1820      Furniture and Fixtures       DR  10,485.00

2310      TPS Paid on Purchases   DR        524.00

2315      TVQ Paid on Purchases   DR        991.00

The amortization entry at the end of the year would be similar to:

5795      Amortization                      DR        xxx.xx

1825      Accum Amort F & F           CR                      xxx.xx

All account numbers have to be adjusted to your chart of accounts and dollar values are fictitious for this example. 

I hope this helps

Thank you so much, yes it definitely makes things clearer. I'm still learning as i go along so your help is very appreciated.