Accounting Question and how to properly record entries

[Sanjay Gupta]

I am using GnuCASH software to record entries and have 2 properties where we are doing rehab. 1 of them were closed and just want to make sure how do I properly record entries. GNUCASH does not have Job Code or Project code like QuickBook. I have created sub accounts under fixed assets which has property name and for expenses also created sub accounts which records expenses for each property. I am confused how do I track profit/loss for each property.

Can you give example of chart of accounts:

1.Bought property for 100K

2. Paid 20K for rehab

3. Paid 10K for Interest

4. Sold for 150K

I have created 

• Fixed Asset Account
• Bank Checking Account
• Expense Account for Rehab and Interest
• Gain/Loss account
• Owners Equity account

First there is entry 

e.g. 130K deposit to bank from Owner so I Debit Bank checking account with 130K and credit Owner Equity account

Debit Fixed Asset for 100K and Credit Bank checking account.

For Expenses 20K rehab and 10K interest , Checking account Credit 30K and Expenses against rehab 20k  and interest 10K.

How do I put entry for 150K which should offset fixed asset and rehab interest & paid interest paid and also gain/loss account ?