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Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is appraised at $200,000; land improvements are appraised at $100,000; and the building is appraised at $200,000. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase.

Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is appraised at $200,000; land improvements are appraised at $100,000; and the building is appraised at $200,000. 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 $ 45% 15% Land Land improvements Building Totals 200,000 100,000 200,000 500,000 x 352,755 x 352,755 * 352,7551 40% 100% $ $ 0.00 Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is appraised at $200,000; land improvements are appraised at $100,000; and the building is appraised at $200,000. 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 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit A 1 Land Land improvements Building Cash

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