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Rodriguez Company pays $363,285 for real estate...

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Accounting

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Rodriguez Company pays $363,285 for real estate with land, land improvements, and a building. Land is appraised at $207,000; land improvements are appraised at $46,000; and a building is appraised at $207,000. Required: 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. Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Percent of Total Value Appraised Value X Total Cost of Acquisition - Apportioned Cost Land Land improvements Building Totals 207,000 46,000 207,000 460 000 S 0% $ 0.00 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet

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