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Rodriguez Company pays $347490 for real estate with land, land improvements, and a building, Land is appraised at $220,000, land Improvements are appraised at $55,000,

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Rodriguez Company pays $347490 for real estate with land, land improvements, and a building, Land is appraised at $220,000, land Improvements are appraised at $55,000, and the building is appraised at $275,000 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase Answer is not complete. this question by entering your answers in the tabs below. Required 2 Journal entry to record the purchase. (Round your answers to 2 decimal places.) action General Journal Debit Crit

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