engage Learning X Chapter 10 - Plant Assets, Natura x + newconnect.mheducation.com/flow/connect.html 10 - Plant Assets, Natural Resources, and Intangibles () Saved Rodriguez Company pays $395,380 for real estate with land, land Improvements, and a building. Land Is appraised at $157,040; land Improvements are appraised at $58.890; and a building Is appraised at $176,670. 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, Appraised Percent of Total x Total Cost of Value Appraised Value Acquisition = Apportioned Cost Land 157 040 40%% x 395.380 Land improvements 58 880 x 305,380 Building 178.870 45%% x 305.380 Totale 302 600 100- Required 2 >Chapter 10 -Plant Assets, Natural Resources. and Intangibles SavEd 3 Rodriguez Company pays $395,380 for real estate with land, land Improvements, and a building. Land Is appraised at $157,040, land Improvements are appraised at $58,890, and a building is appraised at $176,670. 10 Required: points 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. =Book Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Prepare the journal entry to record the purchase. Print View transaction list =ference Journal entry worksheet A Record the costs of lump-sum purchase. Note: Enter debits before credits. Transaction General Journal Debit Credit Record unity Clour entry View general Journal 2 3 15 16 19 141 ho ? a & 8 9