Santa Fe Retailing purchased merchandise "as is" (with no returns) from Meso Wholesalers with creda terms of 3/0, nve0 and an invoice price of $24,000. The merchandise had cost Mesa $16.000. Assume that both buyer and seller ise a perpetuol inventory system and the gross method. 1. Prepare entries that the bugor records for the (b) purchose, (b) cash payment whin the dascount period, and (c) cash pegment aner. the discount period. 2. Prepare entries that the seller records tor the (o) sale, (D) cash coliection whan the discount period, and (c) cash coliocbon affer ine. discount period. Complete this guestion by entering your answers in the tabs beiow. Prepare entries that the buyer records for the (a) purchase, (b) cash payment wehin the discount penod, and (e) cash payment after ine discount period. Journal entry worksheet 3 Record Santa Fe Petailings purchase of merchandise "as is" (with no retums) $24,000. he discount period. 2. Prepare entries that the seller records for the (a) sale, (b) cash colection withn the discount period, and (c) cash collection afer the discount period. Complete this question by entering your answers in the tabs below. Frepare entries that the buyer reconds for the (a) purchase, (b) cash poyment within the discount period, and (e) cath paymant aher the discount period. Prepare entries that the seiler records for the (a) sale, (b) cosh coliection withn the discount peried, and (c) cash collectian after the aiscount period. Journal entry worksheet "Record Mesa Wholesaler's sale of merchandise "as is" (with no returns) to Sarta Fe fetailing with eredit terms of 3/10, n/60 and an invoice price of $24,000. fieste finer detsits befors creaits