1.5 (10) Saved Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 2/10, 1/60 and an invoice price of 523100. The merchandise had cost Mesa 515754 Assume that both buyer and seller use a perpetual inventory system and the gross method 1. Prepare entries that the buyer records for the la) purchase. (b) cash payment within the discount period, and (c) cash payment ofter the discount period 2. Prepare entries that the seller records for the () sale (b) cash collection within the discount period, and (c) cash collection after the discount period 5.17 Complete this question by entering your answers in the tabs below. Required I Required 2 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 View transaction list Journal entry worksheet 34 Santa Fe Retailing purchased merchandise "as is" (with no returns) from Meso Wholesalers with credit terms of 2/10, n/60 and an invoice price of $23,100. The merchandise had cost Mesa $15.754 Assume that both buyer and seller use a perpetual inventory system and the gross method 1. Prepare entries that the buyer records for the (e) 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 () sale (b) cash collection within the discount period, and (c) cash collection after the discount period 02:25:54 Complete this question by entering your answers in the tabs below. Required toured 2 Prepare entries that the seller records for the (a) sale, (b) cash collection within the discount period, and (c) cash collection after the discount period View transaction list Journal entry worksheet Record Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mess Wholesalers with credit terms of 2/10, n/60 and an invoice price of 523,100 Note: Enter debits before credits General Journal Debit Credit Transaction -1 Record entry Clear entry View general Journal