James Moss, owner of Moss interiors is negoatiating for the purchase of blossom Galleries. The Following balance sheet of blossom is given in an abbreviated form as follows. (review photos)

James Moss, owner of Moss Interiors, is negotiating for the purchase of Blossom Galleries. The following balance sheet of Blossom is given in an abbreviated form as follows. Moss and Blossom agree that: 1. Land is undervalued by $28,000. 2. Equipment is overvalued by $4,000. Blossom agrees to sell the gallery to Moss for $320,000. Prepare the entry to record the purchase of Blossom Galleries on Moss's books. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Prepare the entry to record the purchase of Blossom Galleries on Moss's books. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. List all debit entries before credit entries.)