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need proper answer On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $573,800 for real estate plus $31,300 cash in closing
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On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $573,800 for real estate plus $31,300 cash in closing costs. The real estate included land appraised at $226,810; land improvements appraised at $61,300; and a building appraised at $324,890. 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 creditsStep by Step Solution
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