Jason Moss, owner of Moss Interiors, is negotiating for the purchase of Blossom Galleries. The balance sheet of Blossom is given in an abbreviated form below.

Blossom Gallaries Balance Sheet As of December 31, 2020
Assets				Liabilities and Stockholders Equity
Cash		$122,000		Accounts payable				$49,600
Land		71,700		Notes payable (long-term)				308,000
Buildings (net)		201,700		Total liabilities				357,600
Equipment (net)		176,700		Common stock		$217,000
Copyrights (net)		31,700		Retained earnings		29,200		246,200
Total assets		$603,800		Total liabilities and stockholders equity				$603,800

Moss and Blossom agree that:

1.		Land is undervalued by $30,000.
2.		Equipment is overvalued by $5,000.

Blossom agrees to sell the gallery to Moss for $350,000. Prepare the entry to record the purchase of Blossom Galleries on Mosss 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.)

Account Titles and Explanation	Debit	Credit
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount