ianta Fe Retaiting purchased merchandise from Mess Wholessilers with credit terms of \\( 3 / 10 \\), n/60 and an involce price of \\( \\$ 27,200 \\). The nerchandise had cost Mesa \\$18,550. Assume that both buyer and soller use a perpetual inventory system and the gross methort. 1, Prepore 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. Prepace ontries that the seller records for the (a) sale, (b) cash collection within the discount period, and (c) cash collection ater the discount period. Complete this question by entering your answers in the tabs below. discouns period. Journal entry worksheet 127.200