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.

Journal entry worksheet

$1$

$2$

$3$

$4$

Record Mesa Wholesaler's sale of merchandise $"$as is$"($with no returns$)$ to Santa Fe Retailing with credit terms of $\frac{2}{10},\frac{n}{60}$ and an invoice price of $$19,800.$

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$a$-1,,,],[,,,],[,,,]]$