journal entey

Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 3/10, n/60 and an involce price of $29,800. The merchandise had cost Mesa $20,324. Assume that both buyer and seller use a perpetual inventory system and the gross method. 1. Prepare entrles 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 (a) sale, (b) cash collection within the discount period, and (c) cash collection after the discount period. Prepare entries t discount period. Journal entry worksheet Record Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 3/10,n/60 and an invoice price of $29,800. Note: Foter debith fiedore raediti. Journal entry worksheet Facord Santa Fe paid within the discount period. Aifec Fiser detes befine orediex. Prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount period, and (c) cash payment a discount period. Journal entry worksheet Record Santa Fe paid after the discoum period. Prepare entries that the seller records for the (a) sale, (b) cash collection within the discount penod, and (c) cash coliecticin arter 1 discount penod. Journal entry worksheet Record Santa fe Retailing purchased merchandise "as is" (with no retums) from Mesa Wholesalers with credit terms of 3/10,n/60 and an invoice arice of 529,800 . Complete this question by entering your answers in the tabs below. Prepare entries that the seller records for the (a) sale, (b) cash collection wichin the discount period, and (c) cash callection after i discount period. Journal entry worksheet Record the merchandise had cost Mesa $20,324. Complete this question by entering your answers in the tabs below. Prepare entries that the seller records for the (a) sale, (b) cash collection within the diccurt peried, and {e) cash tolection after 1 tiscount period. Journal entry workshed: Pecord cash recelved within tiscount period. Conspiete this question by entering your answers in the tabs belew. Prepare entries that the selier records for the (a) sale, (b) eath collection within the disctunt period, and (c) noih colecten alivi giteount peried Journal entry worksheet Meceed cash received after discour perisd