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Kevin Moss, owner of Moss Interiors, is negotiating for the purchase of Wildhorse Galleries. The following balance sheet of Wildhorse is given in an abbreviated

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Kevin Moss, owner of Moss Interiors, is negotiating for the purchase of Wildhorse Galleries. The following balance sheet of Wildhorse is given in an abbreviated form as follows. Moss and Wildhorse agree that: 1. Land is undervalued by $28,000. 2. Equipment is overvatued by $4,000. Wildhorse agrees to sell the gallery to Moss for $315,000. Prepare the entry to record the purchase of Wildhorse Galleries on Moss's books. (Credit account titles are automatically indented wh amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List al debit entries before credit entries.) Account Titles and Explanation Debit Credit

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