Rodriguez Company pays $$363,285$ for real estate with land, land improvements, and a building. Land is appraised at $$193,500$; land improvements are appraised at $$86,000$; and the building is appraised at $$150,500.$

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 $1$

Allocate the total cost among the three assets.

Note: Round your "Apportioned Cost" answers to $2$ decimal places.

$\backslash$table$[[,\backslash$table$[[$Appraised$],[$Value$]],\backslash$table$[[$Percent of Total$],[$Appraised$],[$Value$]],\backslash$table$[[$ Total Cost of$],[$Acquisition$]],\backslash$table$[[=$ Apportioned$],[$Cost$]]],[$Land$],[$Land improvements$],[$Building$],[$Totals$,$$$,0\%,,0\mathrm{.}00]]$

ises & Problems $i$

Required $1$

Prepare the journal entry to record the purchase.

Note: Round your answers to $2$ decimal places.

Journal entry worksheet

A

Record the costs of lump$-$sum purchase.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,1,,],[,,,],[,x,,]]$

Ch$.8-$ Exercises & Problems $($i

$2$

Rodriguez Company pays $$363,285$ for real estate with land, land improvements, and a building. Land is appraised at $$193,500$; land improvements are appraised at $$86,000$; and the building is appraised at $$150,500.$

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.

Note: Round your "Apportioned Cost" answers to $2$ decimal places.

$\backslash$table$[[,\backslash$table$[[$Appraised$],[$Value$]],\backslash$table$[[$Percent of Total$],[$Appraised$],[$Value$]],\backslash$table$[[$ Total Cost of$],[$Acquisition$]],\backslash$table$[[=$ Apportioned$],[$Cost$]]],[$Land$],[$Land improvements$],[$Building$],[$Totals$,$$$,0\%,,0\mathrm{.}00]]$