Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of $\frac{3}{10},\frac{n}{60}$ and an invoice price of $$25,900.$ The merchandise had cost Mesa $$17,664.$ Assume that both buyer and seller use a perpetual inventory system and the gross method.

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.

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.

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