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Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building, Land is appraised at $243,000; land improvements are appraised at $81,000,
Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building, Land is appraised at $243,000; land improvements are appraised at $81,000, and a building is appraised at $216,000. 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 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places) -Apportioned Cost Lond Land improvements Building Totals Appraised Percent of Total * Total Cost of Appraised Value Value Acquisition $ 243,000 50% * 326,430 81,000 15% * 326.430 216,000 35% * 326,430 $ 540,000 100% $ 0.00 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet
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