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On Sep 12, 2020 ABC company paid cash of $370,250 for real estate plus $15,230 cash in lawyer costs and 34,250 in survey cost. The

On Sep 12, 2020 ABC company paid cash of $370,250 for real estate plus $15,230 cash in lawyer costs and 34,250 in survey cost. The real estate has a reference appraised value from a recent purhcase in the market at $166,320, Land improvement appraised at $55,440, building appraised at $174,240.
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On Sep 12, 2020 ABC company paid cash of $370,250 for real estate plus $15,230 cash in lawyer costs and 34,250 in survey cost. The real estate has a reference appraised value from a recent purhcase in the market at $166,320, Land improvement appraised at $55,440, building appraised at $174,240. a please show the lump sum allocation and record the journal entry for it

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