Santa Fe Company purchased merchandise for resale from Mesa Company with an invoice price of ($24,000) and
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Santa Fe Company purchased merchandise for resale from Mesa Company with an invoice price of \($24,000\) and credit terms of 3/10, n/60. The merchandise had cost Mesa \($16,000\). Santa Fe paid within the discount period. Prepare entries that Santa Fe Company should record for the merchandise purchaseand the cash payment.
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Related Book For 
College Accounting Ch 1-14
ISBN: 9781260904314
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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