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5 2 Rodriguez Company pays $315,900 for real estate with land, land improvements, and a building, Land is appraised at $234,000; land improvements are appraised

5 2 Rodriguez Company pays $315,900 for real estate with land, land improvements, and a building, Land is appraised at $234,000; land improvements are appraised at $78,000, and the building is appraised at $208,000 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" anwen to 2 decimal places.) Land Land improvements Bunting Totals Appraised Value Percent of Total Appraised Value Total Cost of i Acquisition -Apportioned Cest 0% 0.00 Required 2 > 5 points Sapp eBook Port References Rodriguez Company pays $315,900 for real estate with land, land improvements, and a building. Land is appraised at $234,000, land Improvements are appraised at $78,000; and the building is appraised at $208,000. 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 is Journal entry worksheet < A Record the costs of lump-sum purchase Mobe Enter debits before credits

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