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quick answer!! Rodriguez Company pays $405,405 for real estate with land, land improvements, and a building, Land is appraised at $207,000; land Improvements are appraised
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Rodriguez Company pays $405,405 for real estate with land, land improvements, and a building, Land is appraised at $207,000; land Improvements are appraised at $69,000; and a building is appraised at $184,000, 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 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places) Apportioned Appraised Value Percent of Total Appraised Value x Total Cost of Acquisition Cost Land Land improvements Building Total S 0 0% $ 0.00 R1 Required 2 > Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the costs of lump-sum purchase. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal Step by Step Solution
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