Santa Fe Retailing purchased merchandise "as is" with no returns) from Mesa Wholesalers with credit terms of 1/10, 1/60 and an Invoice price of $19,100. The merchandise had cost Mesa $13,026. Assume that both buyer and seller use a periodic inventory system and the gross method. 1. Prepare entries that the buyer should record for (a) the purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period. 2. Prepare entries that the seller should record for (a) the 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 Propare entries that the buyer should record for (a) the purchase. (b) cash payment within the discount period, and (c) cash payment after the discount period Viww transaction list 1 Record the purchase 2 Record the cash payment within the discount period. 5 Record the cash payment after the discount period. Santa Fe Retailing purchased merchandise "as is" (with no returns) from Me invoice price of $19,100. The merchandise had cost Mesa $13,026. Assume and the gross method. 1. Prepare entries that the buyer should record for (a) the purchase, (b) cast after the discount period. 2. Prepare entries that the seller should record for (a) the sale, (b) cash colle after the discount period. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare entries that the seller should record for (a) the sale, (b) cash collection the discount period. View transaction list X 1 Record the sale. 2 Record the cash collection within the discount period. 3 Record the cash collection after the discount period