Question: Exerclse 103 (Algo) Lump-sum purchase of plant assets LOC Rodriguez Company pays $384,345 for real est ate with land, land improvements, and a building. Land

 Exerclse 103 (Algo) Lump-sum purchase of plant assets LOC Rodriguez Companypays $384,345 for real est ate with land, land improvements, and a

Exerclse 103 (Algo) Lump-sum purchase of plant assets LOC Rodriguez Company pays $384,345 for real est ate with land, land improvements, and a building. Land is appraised at $202,500 land improvements are appraised at $90,000; and the building is appraised at $157,500. 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. Exerclse 103 (Algo) Lump-sum purchase of plant assets LO C1 odriguez Company pays $384,345 for real est ate with land, land improvements, and a building. Land is appraised at $202,500; and improvements are appraised at $90,000; and the building is appraised at $157,500. 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. Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) Journal entry worksheet Nabe: Enle' aedibz befale ciedis

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