Rodriguez Company pays $389610 for real estate with land, land improvements, and a building. Land is appraised at $238500 ; land improvements are appraised at $106,000 ; and the building is appraised at $185,000.

1. allocate The total cost among the three assets.

2. prepare the journal entry to record the purchase

Rodriguez Company pays $389,610 for real estate with land, land improvements, and a building Land is appraised at $238,500; land Improvements are appraised at $106.000, and the building is appraised at $185,500 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Answer is not complete. 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 de Appraised Value Percent of Total Appraised Value = Apportioned * Total Cost of Acquisition * 389,610 Cost Land Land improvements Building Totals $ 238,500 106,000 185,500 $530,000 x 389,610 x 389,610 0% 0.00 Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) General Journal No Transaction 1 Credit Land Land improvements Building Cash Debit 175,325.00 77,922.00 136,364.00 389.610.00