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undefined Rodriguez Company pays $336,960 for real estate with land, land improvements, and a building. Land is appraised at $208,000; land improvements are appraised at

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Rodriguez Company pays $336,960 for real estate with land, land improvements, and a building. Land is appraised at $208,000; land improvements are appraised at $78,000; and a building is appraised at $234,000. 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 x Total Cost of Value Acquisition = Apportioned Cost Land Land improvements Building Totals $ 0 0% $ 0.00 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. Transaction General Journal Debit Credit 1

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