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On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $572,600 for real estate plus $31,200 cash in closing costs The real
On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $572,600 for real estate plus $31,200 cash in closing costs The real estate included land appraised at $232,560; land improvements appraised at $67,320; and a building appraised at $312,120. Present the journal entry to record the purchase. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)
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