On April 12, 2020, Prism Ltd., a camera lens manufacturer, paid cash of $560,600 for real...

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On April 12, 2020, Prism Ltd., a camera lens manufacturer, paid cash of $560,600 for real estate plus $30,200 cash in closing costs. The real estate included land appraised at $204,680; land improvements appraised at $72,240; and a building appraised at $325,08O. (a) (b) Ratio of Individual Appraised value to Total Appraised Value (a) + Total Appraised Value (c) Cost Allocation Appraised (b) x Total Actual PPE Asset Values Cost Present the journal entry to record the purchase. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 Record the costs of lump-sum purchase. Note: Enter debits before credits. Date General Journal Debit Credit April 12, 2020 On April 12, 2020, Prism Ltd., a camera lens manufacturer, paid cash of $560,600 for real estate plus $30,200 cash in closing costs. The real estate included land appraised at $204,680; land improvements appraised at $72,240; and a building appraised at $325,08O. (a) (b) Ratio of Individual Appraised value to Total Appraised Value (a) + Total Appraised Value (c) Cost Allocation Appraised (b) x Total Actual PPE Asset Values Cost Present the journal entry to record the purchase. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 Record the costs of lump-sum purchase. Note: Enter debits before credits. Date General Journal Debit Credit April 12, 2020