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Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 2/10, 460 and an invoice price of $22.200 The merchandise had cost Mesa

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Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 2/10, 460 and an invoice price of $22.200 The merchandise had cost Mesa $15,340 Assume that both buyer and selfor use a perpetual inventory system and the gross method 1. Prepare entries that the buyer records for the call purchase, (b)| cash payment within the discount period, and (e cash payment after 2. Prepare entries that the seller records for the (a) sale. (d) cash collection within the discount period, and ( 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 seller records for the (a) sale. (b) cash collection within the discount period, and (c) cash collection after the discount period View transaction lit 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, V60 and an invoice price of $22,200 Note Enter der bereits Transaction General Jou be Prey 20 of 25 Nord > 2 w E R Y 0 F G D H A 3 S M B c N 30 control option Command

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