On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $552,200 for real...

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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 building appraised at $273,700. (a) PPE Asset Appraised Values (b) Ratio of Individual Appraised Value to Total Appraised Value (a) Total Appraised Value. (c) Cost Allocation. (b) x Total Actual 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 View journal entry worksheet General Journal Debit Credit No Date 1 April 12, 2023 Land Land improvements Building Cash (X 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 building appraised at $273,700. (a) PPE Asset Appraised Values (b) Ratio of Individual Appraised Value to Total Appraised Value (a) Total Appraised Value. (c) Cost Allocation. (b) x Total Actual 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 View journal entry worksheet General Journal Debit Credit No Date 1 April 12, 2023 Land Land improvements Building Cash (X

Answer rating: 100% (QA)

Date April 12 2023 General Journal Debit Credit Land 243950 ... View the full answer