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please pleaseplease help! i always rate! Exercise 8-3...

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Accounting

please please
please help! i always rate!
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Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building. Land is appraised at $265,000; land Improvements are appraised at $79,500; and the building is appraised at $185,500. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value Total Cost of Acquisition Apportioned Cost Land Land improvements Building Totals Romuld Required 2 > View transaction list Journal entry worksheet A Record the costs of lump-sum purchase. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 + Record entry Clear entry View general Journal

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