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On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $567,800 for real estate plus $30,800 cash in closing costs. The real
On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $567,800 for real estate plus $30,800 cash in closing costs. The real estate included land appraised at $170,240; land improvements appraised at $79,040; and a building appraised at $358,720. View transaction list Appraised Values Present the journal entry to record the purchase. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)
Present the journaf entry to record the purchase. (Do not round Intermediate calculations. Round the final answrers to the neaters whole dollor.) Journal entry worksheet Record the costs of lump-sum purchase. Journal entry worksheet Note: Enter debits before creditsStep by Step Solution
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