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Rodriguez Company pays $368,550 for real estate with land, land improvements, and a building, Land is appraised at $220,500: land improvements are appraised at $73,500;

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Rodriguez Company pays $368,550 for real estate with land, land improvements, and a building, Land is appraised at $220,500: land improvements are appraised at $73,500; and a building is appraised at $196,000. 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.) Appraised Value Percent of Total Appraised Valuo x Total Cost of Acquisition - Apportioned Cost Land Land improvements Building Totals $ 0 0% $ 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 Record the costs of lump-sum purchase. Note: Enter debits before credits. Goneral Journal Dobit Credit Transaction 1 Record entry clear entry View general journal

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