11 Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 3/10, 1/60 and an Invoice price of $24,000. The merchandise had cost Mesa $16.000. Assume that both buyer and seller use a perpetual inventory system and the gross method 1. Prepare entries that the buyer records for the (a) purchase. (b) cash payment within the discount period, and (c) cash payment after the discount period 2. Prepare entries that the seller records for the fa) sale (1) cash collection within the discount period, and (c) cash collection after the discount period 02:04 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare entries that the buyer records for the () purchase. (b) cash payment within the discount period, and (e) cash payment after the discount period View transaction list Journal entry worksheet 2 3 Record Santa Fe Retailing's purchase of merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 3/10, 1/60 and an invoice price of Prepare entries that the buyer records for the (a) purchase. (b) cash payment within the discount period, and cash wyment after the discount period 11 View transaction list OtOn Journal entry worksheet 11 Journal entry worksheet 34 2 OLO "Record Mesa Wholesaler's sale of merchandise "as is" (with no returns) to Santa Fe Retailing with credit terms of 3/10, 1/60 and an invoice price of $24,000. Shipped Matt Enterdit before credits General Journal Det Cracht Record entry Clear entry View general Journal