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Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated

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Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $195,000 for the lot plus $90,000 for the old building. The company pays $25,200 to tear down the old building and $37,252 to fill and level the lot. It also pays a total of $1,690,578 in construction costs-this amount consists of $1.590,200 for the new building and $100,378 for lighting and paving a parking area next to the building Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash. View transaction list Journal entry worksheet K 1 Record the total costs of the plant assets. Note: Enter debits before credits General Journal Debit Credit Transaction 1 View general journal Record entry Clear entry Rodriguez Company pays $340,000 for real estate plus $18,020 in closing costs. The real estate consists of land appraised at $260,000, land improvements appraised at $78,000; and a building appraised at $182,000. Required: 1. Allocate the total cost among the three purchased 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 purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Percent of Total Appraised Value x Total Cost of Acquisition Apportioned Cost Appraised Value Land Land improvements Building Totals 0 0 % S 0.00 Roquired t Required 2 >

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