Rodriguez Company pays $$336,960$ for real estate with land, land improvements, and a building. Land is appraised at $$196,000$; land Prepare the journal entry to record the purchase. $($Round your answers to $2$ decimal places.$)$

Journal entry worksheet

A

Record the costs of lump$-$sum purchase.

Note: Enter debits before credits.

improvements are appraised at $$49,000$; and a building is appraised at $$245,000.$

Required:

Allocate the total cost among the three assets.

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 "Apportioned Cost" answers to $2$ decimal places.$)$