Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 2/10,n/60 and an Invoice price of $25,400. The merchandise had cost Mesa $17,323. 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 lit Journal entry worksheet 1 2 3 Record Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 2/10, n/60 and an invoice price of $25,400. Note: Enter debits before credits Transaction General Journal Debit Credit Required 1 Required 2 Prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discour discount period. View transaction list Journal entry worksheet Record Santa Fe paid within the discount period. Note Enter debits before credits. Transaction General Journal Debit Credit b e here to search O Bie a Required 1 Required 2 Prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount p discount period View transaction list Journal entry worksheet 1 2 3 > Record Santa Fe paid after the discount period. Note: Enter debits before credits. Transaction General Journal Debit Credit SP pe here to search o red 1 Required are entries that the seller records for the (a) sale, (b) cash collection within the discount perio unt period. w transaction list Journal entry worksheet 1 2 3 4 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 $25,400. Note: Enter debits before credits. General Journal Debit Credit Transaction a-1 ere to search O Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare entries that the seller records for the (a) sale, (b) cash collection within the discount period, discount period. View transaction list Journal entry worksheet