Question: Rodriguez company pays for 05405 for real estate with land, Land improvement, and a building. Land is appraised at 240000; land improvements are appraised at

Rodriguez company pays for 05405 for real estate with land, Land improvement, and a building. Land is appraised at 240000; land improvements are appraised at 72000; and the building is appraised at 168000.

and a building. Land is appraised at 240000; land improvements are appraised

Rodriguez Company pays $405,405 for real estate with land, land improvements, and a building. Land is appraised at $240,000; land improvements are appraised at $72,000; and the building is appraised at $168,000. 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. Allocate the total cost among the three assiets. (Round your "Apportioned Cost" answers to 2 decimal places.) Rodriguez Company pays $405,405 for real estate with land, land improvements, and a bullding. Land is appraised at $240,000; land improvements are appralsed at $72,000; and the bullding is appraised at $168,000. 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. Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) Journal entry worksheet

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