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 $24,000. The merchandise had cost Mesa $16,000. Assume that both buyer and seller use a perpetual inventory system and the gross method. 1. Prepare entries that the buyer records for the la) 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 () purchase (b) cash payment within the discount period, and (c) cash payment after the discount period Versaction list Journal entry worksheet 11 2 > Record Sant Felling purchase of merchandises with no rona) from Her Wholesale with credit terms of 31 n/d and annalee price of 124.000 Ne YouTube HW 2 Required 1 Required 2 Prepare entries that the buyer records for the () purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period View transaction list ol Journal entry worksheet Record Santa Fe Retailing's purchase of merchandise as is" with no retums) from Mesa Wholesalers with credit terms of 3/10, 1/60 and an involce price of $24,000. Hot Batur debits before stedes Transaction General Tournal Doble Credit View