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I need help with this questions please, multiple parts! 2 1 Exercise 8-3 Lump-sum purchase of plant assets LO C1 15 points Rodriguez Company pays
I need help with this questions please, multiple parts!
2
1 Exercise 8-3 Lump-sum purchase of plant assets LO C1 15 points Rodriguez Company pays $336,960 for real estate with land, land improvements, and a building. Land is appraised at $188,000; land improvements are appraised at $47,000; and a building is appraised at $235,000. Skipped Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. eBook Complete this question by entering your answers in the tabs below. Hint Required Required 1 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Ask Print Appraised Value Percent of Total Appraised Value x Total Cost of Acquisition Apportioned Cost Land Land improvements Building Totals $ 0 0% $ 0.00 Required 1 Required 2 > 1 Exercise 8-3 Lump-sum purchase of plant assets LO C1 15 points Rodriguez Company pays $336,960 for real estate with land, land improvements, and a building. Land is appraised at $188,000; land improvements are appraised at $47,000; and a building is appraised at $235,000. Skipped Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. eBook Complete this question by entering your answers in the tabs below. Hint Required Required 1 2 Ask Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Print Journal entry worksheet Record the costs of lump-sum purchase. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry View general journal Clear entry
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