Diego Company paid $196,000 cash to acquire a group of items consisting of land appraised at $46,400 and a building appraised at $185,600. Allocate total cost to these two assets and prepare an entry to record the purchase. Complete this question by entering your answers in the tabs below. Total Cost General Journal Prepare an entry to record the purchase. View transaction list Journal entry worksheet < A Record costs of lump-sum purchase. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal