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Required information [The following information applies to the questions displayed below.] Rodriguez Company pays $300,000...

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Accounting

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Required information [The following information applies to the questions displayed below.] Rodriguez Company pays $300,000 for real estate plus $15,900 in closing costs. The real estate consists of land appraised at $184,800; land improvements appraised at $52,800; and a building appraised at $202,400. Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) X Answer is not complete. No Transaction General Journal Debit Credit 1 1 Land Land improvements Building Cash 315,900.00

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