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Rodriguez Company pays $321165 for real estate with land, land improvements, and a building, Land...

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Accounting

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Rodriguez Company pays $321165 for real estate with land, land improvements, and a building, Land is appraised at $200,000; land improvements are appraised at $75,000; and the building is appraised at $225,000. 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 Required Required 2 > View transaction list Journal entry worksheet

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