2. Exercise 4-6 Recording sales, purchases, and cash discounts-buyer and seller LO P1, P2 5 pa SO Santa Fe Retailing purchased merchandises with no returns) from Mesa Wholesalers with credit terms of 3/10, 1/60 and an Invoice price of $2000 The merchandise had cost Mesa $14,799. Assume that both buyer and seler use a perpetual inventory system and the gross method 1. Prepare enties that the buyer records for the fa) purchase, (o) cash payment within the discount period, and (c) cash payment mer the discount period 2. Prepare entries that the seller records for the (a) sale. (o) cash collection within the discount period, and c/ cash collection after the discount period Complete this question by entering your answers in the tabs below. Here Prepare entries that the buyer record for the purchase, ) cash payment within the discount period, and (e) cash payment her the discount period View Journal entry worksheet acord purchased merchandise from Here we wire 10 anni 1.100 www. the discount period 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 Complete this question by entering your answers in the tabs below. Required 1 Required 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 1 2 3 ances Record Santa Fe Retailing purchased merchandise "as is" (with no returns) from Masa Wholesalers with credit terms of 3/10, 1/60 and an invalce price or $21,700, No debitore credits Transaction 31 General Journal Debe Credit Masadamy Clearly View general Required