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On April 12, 2023, Prism Ltd., a camera lens...

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Accounting

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On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $552,200 for real estate plus $29,500 cash in closing costs. The real estate included land appraised at $243,950; land improvements appraised at $77,350; and a bullding appraised at $273,700. Present the journal entry to record the purchase. (Do not round intermedlate calculations. Round the final answers to the nearest whole dollar.) Journal entry worksheet Note: Enter debits before credits

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