Diego Company paid $190,000 cash to acquire a group of items consisting of land appraised at...

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Diego Company paid $190,000 cash to acquire a group of items consisting of land appraised at $55,500 and a bullding appralsed at $166,500. Allocate total cost to these two assets and prepare an entry to record the purchase. Complete this question by entering your answers in the tabs below. General Journal Total Cost Allocate total cost to these two assets. Percent of Total Appórtioned Cost Land Building Totals 0% $ Tetal Ceet General Journal> Journal entry worksheet A Record costs of lump-sum purchase. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Diego Company paid $190,000 cash to acquire a group of items consisting of land appraised at $55,500 and a bullding appralsed at $166,500. Allocate total cost to these two assets and prepare an entry to record the purchase. Complete this question by entering your answers in the tabs below. General Journal Total Cost Allocate total cost to these two assets. Percent of Total Appórtioned Cost Land Building Totals 0% $ Tetal Ceet General Journal> Journal entry worksheet A Record costs of lump-sum purchase. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

Answer rating: 100% (QA)

Asset Appraisal Value Land 55500 Building 166500 Total 222000 Percent of tota... View the full answer