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On April 12, 2020, Prism Ltd., a camera lens manufacturer, paid cash of $569,000 for real estate plus $30,900 cash in closing costs. The real

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On April 12, 2020, Prism Ltd., a camera lens manufacturer, paid cash of $569,000 for real estate plus $30,900 cash in closing costs. The real estate included land appraised at $182,700; land improvements appraised at $73,080; and a building appraised at $353,220. PPE Asset Appraised Values View transaction list Present the journal entry to record the purchase. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Ratio of Individual Appraised Value to Cost Allocation Total Appraised Value (b) x Total (a) Total Appraised Value Actual Cost Journal entry worksheet Record the costs of lump-sum purchase. Flate Note: Enter debits before credits. (b) General Journal Tradi 27 View transaction list Journal entry worksheet

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