Question Details
Answered: - The county approved GBI's building plans for their new
The county approved GBI?s building plans for their new warehouse. Estimated building costs are $1,050,000 which will be funded via a mortgage from Bank of America. GBI plans to break ground on the new building April 18th of this year.?
what would be the journal entry for this if i am doing the books for GBI??
these are the possible account names:?
100000 | Bank Account |
110100 | Accounts Receivable (Direct Posting Account) |
110150 | Allowance for Bad Debt |
110200 | Interest Receivable |
200600 | Inventory-Operating Supplies |
200900 | Inventory-Raw Materials (Direct Post) |
200910 | Inventory-Finished Goods (Direct Post) |
200920 | Inventory-Trading Goods (Direct Post) |
200930 | Inventory-Semi-finished Goods (Direct Post) |
210000 | Prepaid Insurance |
211000 | Prepaid Supplies |
212000 | Prepaid Advertising |
215000 | Prepaid Rent |
216000 | Deposits |
220000 | Notes Receivable |
220110 | Land |
220210 | Production Machinery, Equipment and Fixtures |
220310 | Accumulated Depreciation ?Production mach, Equip. |
220400 | Office Furniture |
220500 | Accumulated Depreciation-Office Furniture |
220600 | Office Equip and Computers |
220700 | Accumulated Depreciation- Office Equipment |
300100 | Payables-Income Taxes |
300200 | Accounts Payable (Direct Posting Account) |
300300 | Payables-Interest |
300400 | Payables-Short-Term Notes |
300500 | Payables-Long-Term Notes |
300600 | Payables-Commissions |
300700 | Payables-Salaries and Wages |
300800 | Accrued Expense |
310000 | Goods Receipt / Invoice Receipt Account |
320000 | Accrued Tax ? Output |
321000 | Accrued Tax- Input |
322000 | Unearned Revenues |
329000 | Common Stock |
329100 | Additional Paid-in-Capital |
330010 | Retained Earnings (Direct Post) |
600000 | Sales Revenue |
610000 | Sales Discount |
620000 | Miscellaneous Revenue |
630000 | Revenue Deductions |
640000 | Gain or Loss on Sale of Assets |
650000 | Customer Service Revenue |
650100 | Customer Service Revenue Settlement |
720000 | Raw Material Consumption Expense |
720100 | Finished Product Consumption Expense |
720200 | Trading Good Consumption Expense |
720300 | Semi-Finished Consumption Expense |
740000 | Supplies Expense |
740100 | Utilities Expense
|
740300 | Rent Expense |
740400 | Insurance Expense |
740500 | Payroll Expense-Office |
740600 | Payroll Expense-Administrative |
740700 | Sales Expense |
740800 | Tax Expense - Property |
740900 | Tax Expense- Income |
741000 | Miscellaneous Expense |
741100 | Labor Expense |
741200 | Bad Debt Expense |
741300 | Information Technology Expense Account |
741400 | Production Order Variance Expense Account |
741600 | Manufacturing Output settlement |
741700 | Manufacturing Output Settlement Variance |
741800 | Depreciation Expense |
741900 | Advertising Expense |
742000 | Vendor Discounts Missed |
742100 | Shipping Expense |
760000 | Purchase Price Difference |
760100 | Production Variance |
770000 | Research and Development |
780000 | Cost of Goods Sold |
Solution details:
Answered
QUALITY
Approved
ANSWER RATING
This question was answered on: Oct 07, 2020
PRICE: $15
Solution~000.zip (25.37 KB)
This attachment is locked

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
About this Question
STATUSAnswered
QUALITYApproved
DATE ANSWEREDOct 07, 2020
EXPERTTutor
ANSWER RATING
GET INSTANT HELP/h4>
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions:
- As a reference for in-depth understanding of the subject.
- As a source of ideas / reasoning for your own research (if properly referenced)
- For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
NEW ASSIGNMENT HELP?
Order New Solution. Quick Turnaround
Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.
WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.
