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fill in the Percent of total in & the Apportioned cost too. Don't forget to do required too as well. Rodriguez Company pays $389,610 for

fill in the Percent of total in & the Apportioned cost too.
Don't forget to do required too as well.
image text in transcribed
image text in transcribed
Rodriguez Company pays $389,610 for real estate with land, land improvements, and a building, Land is appraised at $243,000; land improvements are appraised at $108,000; and a building is appraised at $189.000. Required: 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 Percent of Total Appraised Value * Total Cost of Acquisition Apportioned Cost Land Land improvements Building Totals 243,000 108,000 189,000 540,000 389,610 389,610 * 389,610 $ 0% $ 0.00 Required 2 > Required: Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet

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