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Rodriguez Company pays $400,140 for real estate with land, land improvements, and a building. Land is appraised at $247.500; land Improvements are appraised at $55,000;

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Rodriguez Company pays $400,140 for real estate with land, land improvements, and a building. Land is appraised at $247.500; land Improvements are appraised at $55,000; and the building is oppraised at $247,500. 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 Value Total Cost of Acquisition Apportioned Cost | Land Land improvements Building Totals A > Record the costs of lump-sum purchase. Note: Enter debits before credits. Transaction General Journal Debit Credit 1

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