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cant figure out either of these Rodriguez Company pays $363,285 for real estate with land, land improvements, and a building. Land is appraised at $180,000;
cant figure out either of these
Rodriguez Company pays $363,285 for real estate with land, land improvements, and a building. Land is appraised at $180,000; land improvements are appraised at $40,000; and the bullding is appraised at $180,000, 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 Porcent of Total Appraised Value * Total Cost of Acquisition Apportioned Cost Land Land improvements Building Totals Required 2 > 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 Journal entry worksheet Step by Step Solution
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