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On April 12. 2020, 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. 2020, 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, (a) (c) Itatio of Individual Appraised value to Appraised Cost Allocation Total Appraised Value PPE Asset (6) Total Actual Values (a) Total Appraised Value Cost (6) Present the Journal entry to record the purchase. (Do not round intermediate calculations. Round the final anwwers to the nearest whole dollar.) View transaction list Journal entry worksheet

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