Answer:
Required 1.
Land =  $163,215
Land improvements = $65,286
Buildings =  $97,929
Required 2.
Land  $163,215 (debit)
Land improvements $65,286 (credit)
Buildings $97,929 (credit)
Cash $310,000 (credit)
Explanation:
Allocation of the purchase cost must be made on the bases appraisal value.
Total Appraisal Value =  $215,000 + $86,000 + $129,000
                                     =  $430,000
Land = $215,000 /  $430,000 × $326,430
         = $163,215
Land improvements =  $86,000 / $430,000 × $326,430
                                  = $65,286
Buildings = $129,000 / $430,000 × $326,430
                 = $97,929