Loans from 5 Friends-Chart of Account

[Joojo]

I have loans from 5 different friends for a start-up and I am just listing my Chart of Account(in Wave) would it be OK if I set up Loan Accounts for each one of them..like:

Loan – Abigail

Loan – Ben

Loan – John


I must add that WAVE doesn't allow for sub-accounts

 

[Bad Medicine]

I'm not familiar with that software, but as long as they are liabilities it seems ok, right ?