Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 2/10, 1/60 and an involce price of $27100. The merchandise had cost Mesa $18,482. Assume that both buyer and seller use a perpetual inventory system and the gross method. 1. Prepare 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. 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 buyer records for the (a) purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period. View transaction flat Journal entry worksheet 1 2 3 Record Santa Fe Retailing purchased merchandise "as is" (with no returns) con la Prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount period, and discount period. View transaction list Journal entry worksheet Record Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 2/10, 1/60 and an invoice price of $27,100. Note: Enter debits before credits. Transaction General Journal Debit Credit 0-1 Record entry Clear entry View general Journal Journal entry worksheet Record cash received within discount period. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general Journal Journal entry worksheet