8E

Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building. Land is appraised at $212,000; land improvements are appraised at $79,500; and a building is appraised at $238,500. Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Culoa ALIN-L. - AL Alle 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 $ 0 0% $ 0.00 Required Required 2 > Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) 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