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9 Rodriguez Company pays $330,000 for real estate plus $17,490 in closing costs. The real estate consists of land appraised at $202,500; land improvements appraised
9 Rodriguez Company pays $330,000 for real estate plus $17,490 in closing costs. The real estate consists of land appraised at $202,500; land improvements appraised at $90,000; and a building appraised at $157,500. 8.33 points Required: 1. Allocate the total cost among the three purchased assets. 2. Prepare the journal entry to record the purchase. X 02:16:11 Skipped Complete this question by entering your answers in the tabs below. Required 1 Required 2 eBook Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Percent of Total x Total Cost of Hint Appraised Value Appraised Value = Apportioned Cost Acquisition $ Print Land Land improvements Building Totals 202,500 90,000 157,500 450.000 $ 0% $ 0.00 References Required 1 Required 2 eBook Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list View journal entry worksheet Hint No Transaction General Journal Debit Credit 1 1 Land Print Land improvements Building Cash References
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