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about:sessionrestore X Cecil Dwight Marsha X 20211128FamilyKDSP-D1 X Sign In to Your Acco X BYU-Pathway Portal X BC McGraw-Hill ConnecX Question 1 - Lesson 21 H X *Course Hero X X C 8 https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fm TOU>>= Lesson 21 HW Saved Help Save & Exit Submit Rodriguez Company pays $368,550 for real estate with land, land improvements, and a building. Land is appraised at $225,000; land improvements are appraised at $100,000; and a building is appraised at $175,000. Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. 5 points Skipped Complete this question by entering your answers in the tabs below. Required 1 Required 2 Book Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Percent of Total Print Appraised x Total Cost of Value Appraised = Apportioned Value Acquisition Cost Land $ 225,000 References Land improvements 100,000 Building 175,000 Totals $ 500,000 0% $ 0.00 Mc Graw about:sessionrestore X Cecil Dwight Marsha X 20211128FamilyKDSP-D1 X Sign In to Your Acco X BYU-Pathway Portal X BC McGraw-Hill ConnecX Question 1 - Lesson 21 H X *Course Hero X X C O B https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fr TOU>>= Lesson 21 HW Saved Help Save & Exit Submit Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) 5 points View transaction list Skipped Journal entry worksheet A Book Record the costs of lump-sum purchase. Print Note: Enter debits before credits. References Transaction General Journal Debit Credit Record entry Clear entry View general journal Hill