Rodriguez Company pays $315,900 for real estate with land, land improvements, and a building. Land is...

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Rodriguez Company pays $315,900 for real estate with land, land improvements, and a building. Land is appraised at $200,000; land improvements are appraised at $50,000; and the building is appraised at $250,000. 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. Note: Round your "Apportioned Cost" answers to 2 decimal places. Appraised Value Percent of Total Appraised Value * Total Cost of Acquisition Land Land improvements Building Totals = Apportioned Cost $ 0 0% $ 0.00 Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $315,900 for real estate with land, land improvements, and a building. Land is appraised at $200,000; land improvements are appraised at $50,000; and the building is appraised at $250,000. 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 Prepare the journal entry to record the purchase. Note: Round your answers to 2 decimal places. View transaction list Journal entry worksheet < A Record the costs of lump-sum purchase. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal Rodriguez Company pays $315,900 for real estate with land, land improvements, and a building. Land is appraised at $200,000; land improvements are appraised at $50,000; and the building is appraised at $250,000. 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. Note: Round your "Apportioned Cost" answers to 2 decimal places. Appraised Value Percent of Total Appraised Value * Total Cost of Acquisition Land Land improvements Building Totals = Apportioned Cost $ 0 0% $ 0.00 Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $315,900 for real estate with land, land improvements, and a building. Land is appraised at $200,000; land improvements are appraised at $50,000; and the building is appraised at $250,000. 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 Prepare the journal entry to record the purchase. Note: Round your answers to 2 decimal places. View transaction list Journal entry worksheet < A Record the costs of lump-sum purchase. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal

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