QUESTION

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Diego Company paid $\$ 190,000$ cash to acquire a group of items consisting of land appraised at $\$ 55,500$ and a building appraised at $\$ 166,500$. Allocate total cost to these two assets and prepare an entry to record the purchase. Complete this question by entering your answers in the tabs below. Allocate total cost to these two assets. \begin{tabular}{|l|l|l|} \hline & Percent of Total & Apportioned Cost \\ \hline Land & & \\ \hline Building & & \\ \hline Totals & $0 \%$ & $\$$ \\ \hline \end{tabular}


Journal entry worksheet A Record costs of lump-sum purchase. Note: Enter debits before credits. Record entry Clear entry View general journal

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