es Rodriguez Company pays 405 405 for real estate with land land improvements and a building Land is appraised at 240 000 land

Question

es 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 Required 1 Prepare the journal entry to record the purchase Note Round your answers to 2 decimal places Required 2 View transaction list Journal entry worksheet A

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