Rodriguez Company pays $342,225 for real estate with land, land improvements, and a building. Land is appraised at $220,500; land improvements are appraised at $73,500; and the building is appraised at $196,000. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet A Record the costs of lump-sum purchase. >
Rodriguez Company pays $342,225 for real estate with land, land improvements, and a building. Land is appraised at $220,500; land improvements are appraised at $73,500; and the building is appraised at $196,000. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet A Record the costs of lump-sum purchase. >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Rodriguez Company pays $342,225 for real estate with land, land improvements, and a building. Land is appraised at $220,500; land
improvements are appraised at $73,500; and the building is appraised at $196,000.
Prepare the journal entry to record the purchase.
Complete this question by entering your answers in the tabs below.
Required
Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.)
View transaction list
Journal entry worksheet
<
A
Record the costs of lump-sum purchase.
Nota: Enter dahite before credita
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