Mark Mass, owner of Moss Interiors, is negotiating for the purchase of Cullumber Galleries. The follawing balance sheet of Cullumber

is given in an abbereviated form as follows.

Moss and Cullumber agree that:

Land is undervalued by $$2B,000.$

Equipment is overvalued by $$5,000.$

Cullumber agrees to sell the gallery to Moss for $$330,000.$

Prepare the entry to record the purchase of Cullumber Galleries on Moss's books. $($Credit account titles are automatically indented when

amount is entered. Do not indent manualye If no entry is required, select $"$No Entry" for the occount titles and enter O for the amounts. List all

debit entries before credit entries$]$

Account Titles and Explanation

Debit

Credlt