Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 2/10,n/60 and an invoice price of $26,600. The merchandise had cost Mesa \$18,141. Assume that both buyer and seller use a periodic inventory system and the gross method. 1. Prepare entries that the buyer records for (a) the purchase, (b) cash payment within the discount period, and (c) cash payment afer the discount period. 2. Prepare entries that the seller records for (a) the sale, (b) cash collection within wie discount period, and (c) cash collection affer the discount period. Complete this question by entering your answers in the tabs below. Prepare entries that the buyer records for (a) the purchase, (b) cash payment within the dischint period, and (c) cosh payment arter the discount period. Journal entry worksheet Record Santa Fe Retalling's purchase of merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 2/10,n/60 and an invoice price of $26,600. Note: Enter debits before credits. Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 2/10,n/60 and an invoice price of $26,600. The merchandise had cost Mesa $18,141. Assume that both buyer and seller use a periodic inventory system and the gross method. 1. Prepare entries that the buyer records for (a) the purchase, (b) cash payment - T the discount period, and (c) cash payment after the discount period. 2. Prepare entries that the seller records for (a) the sale, (b) cash collection within the discount period, and (c) cash collection affer the discount period. Complete this question by entering your answers in the tabs below. Prepare entries that the seller records for (a) the sale, (b) cash collection within the discou: pariod, and (c) cash collection after the discount period. Journal entry worksheet Record Mesa Wholesaler's sale of merchandise "as is" (with no returns) to Santa Fe Retailing with credit terms of 2/10,n/60 and an invoice price of $26,600. Notei Enter debits betore credits