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 $17,500. The merchandise has cost Mesa $11,935. Assume that both buyer and seller use a perpetual inventory system and the gross method.

and (c) cash collection ater the discount period Journal entry worksheet from Mesa Wholesalers with credit terms of 3/10, n/60 and an invoice price of $17,500