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On April 12, 2017, Prism Ltd., a camera lens manufacturer, paid cash of $558,200 for real estate plus $30,000 cash in closing costs. The real

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On April 12, 2017, Prism Ltd., a camera lens manufacturer, paid cash of $558,200 for real estate plus $30,000 cash in closing costs. The real estate included land appraised at $216,000, land improvements appraised at $84,000; and a building appraised at $300,000. Present the journal entry to record the purchase. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the costs of lump-sum purchase. Note: Enter debits before credits. General Journal Debit Credit Date April 12, 2017 Record entry Clear entry View general journal

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