Help Save & Exit Submit Test 3 (Ch. 7-9) 0 5 10 pos 6036 Rodriguez Company...

Transcribed Image Text:

Help Save & Exit Submit Test 3 (Ch. 7-9) 0 5 10 pos 6036 Rodriguez Company pays $400.140 for real estate with land, land improvements, and a building, Land is appraised at $205.000: land improvements are appraised at $82.000, and the building is appraised at $123,000. 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 "Apport Cost answers to 2 decimal places.) Value Percent of Total Appraised Value Total Cost of Acquisition -Apportioned Cost Land improvements Building Totale Required 2> Help Save & Exit Submit Test 3 (Ch. 7-9) 0 5 10 pos 6036 Rodriguez Company pays $400.140 for real estate with land, land improvements, and a building, Land is appraised at $205.000: land improvements are appraised at $82.000, and the building is appraised at $123,000. 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 "Apport Cost answers to 2 decimal places.) Value Percent of Total Appraised Value Total Cost of Acquisition -Apportioned Cost Land improvements Building Totale Required 2>