Rodriguez Company Pays 410 670 For Real Estate With Land Land Improvements And A Building Land Is Appraised At 250 1 (34.39 KiB) Viewed 9 times
Rodriguez Company Pays 410 670 For Real Estate With Land Land Improvements And A Building Land Is Appraised At 250 2 (34.39 KiB) Viewed 9 times
Rodriguez Company Pays 410 670 For Real Estate With Land Land Improvements And A Building Land Is Appraised At 250 3 (31.81 KiB) Viewed 9 times
Rodriguez Company pays $410,670 for real estate with land, land improvements, and a building. Land is appraised at $250,000; land improvements are appraised at $50,000; and the building is appraised at $200,000. 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 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Percent of Total x Total Cost of Appraised i Value Acquisition Land Land improvements Building Totals Appraised Value 50,000 I $ 0 0% = Apportioned Cost $ 0.00
$ Journal entry worksheet < A Record the costs of lump-sum purchase. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit
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