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help me. Rodriguez Company pays $395,380 for real estate with land, land improvements, and a building. Land is appraised at $157,040; land improvements are appraised
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Rodriguez Company pays $395,380 for real estate with land, land improvements, and a building. Land is appraised at $157,040; land improvements are appraised at $58,890; and the building is appraised at $176,670. 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. Allocate the total cost among the three assets. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record the purchase. Journal entry worksheet rvote: cnter depits berore credits. he journal entry to record the purchase. nal entry worksheet ord the costs of lump-sum purchase. nter debits before credits. Note: Enter debits before credits. Journal entry worksheet Record the costs of lump-sum purchase. Note: Enter debits before credits. urnal entry worksheet Record the costs of lump-sum purchase. te: Enter debits before credits. the journal entry to record the purchase. rnal entry worksheet cord the costs of lump-sum purchase. : Enter debits before credits Step by Step Solution
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