Exercise $8-3($Algo$)$ Lump$-$sum purchase of plant assets LO C$1$

Rodriguez Company pays $$358,020$ for real estate with land, land Improvements, and a bullding. Land Is appraised at $$270,000$; Iand

improvements are appralsed at $$81,000$; and the bullding is appralsed at $$189,000.$

Allocate the total cost among the three assets.

Prepare the journal entry to record the purchase.

Complete this question by entering your answers in the tabs below.

Allocate the total cost among the three assets.

Note: Round your "Apportioned Cost" answers to $2$ decimal places. Part $2$ Journal entry worksheet

Record the costs of lump$-$sum purchase.

Note: Enter debits before credits.

Transaction General Journal Debit Credit

$1$