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company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased on January 1 . The founder wants to

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company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased on January 1 . The founder wants to know the implications of different depreciation methods and estimates for the company's financial statements. Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's first year in operation, we are given the following Tableau Dashboard. Actual \& Estimated Units-of-Production On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $559,400 for real estate plus $30,100 cash in closing costs. The real estate included land appraised at $210,350; land improvements appraised at $78,130; and a building appraised at $312,520. Present the journal entry to record the purchase. (Do not round intermediate calculations. Round the final answers to the nearest. whole dollar.) Journal entry worksheet Record the costs of lump-sum purchase. Note: Enter debits before credits. On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $559,400 for real estate plus $30,100 cash in closing costs. The real estate included land appraised at $210,350; land improvements appraised at $78,130; and a building appraised at $312,520. Present the journal entry to record the purchase. (Do not round intermediate colculations. Round the final onswers to the nearest whole dollar.) Journal entry worksheet

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