Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 3/10,n/60 ar merchandise had cost Mesa $18,755. Assume that both buyer and seller use a perpetual inventory s 1. Preoare entries that the buyer records for the (a) purchase (b) cash payment within the discou 2. Prepare entries that the seller records for the (a) sale, (b) cash collection within the discount the discount period. Complete this question by entering your answers in the tabs below. Prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount perioc discount period. Journal entry worksheet Record payment by Santa Fe after the discount period. Journal entry worksheet Record the cost of the goods sold to Santa Fe, $18,755. Note: Enter debits before credits. Journal entry worksheet Record Mesa Wholesaler's sale of merchandise "as is" (with no returns) to Santa Fe Retailing with credit terms of 3/10,n/60 and an invoice price of $27,500. Note: Enter debits before credits. Prepare entries that the seller records for the (a) sale, (b) cash collection within the discount period, and (c) ca discount period. Journal entry worksheet Record Mesa's receipt of payment from Santa Fe after the discount period. Note: Enter debits before credits. Santa Fe Retailing purchased merchandise from Mesa Wholesaiers with credit terms of 3/10,n/60 and an invoice price of $27,500. The merchandise had cost Mesa $18.755. 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. 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. Journal entry worksheet Record Santa Fe Retailing's purchase of merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 3/10,n/60 and an invoice price of $27,500. comptexe tnis question oy entering your answers in the caps Deiow. Pdepace entries that the seller records for the (a) sale, (b) cash collection within the discount period, and (c) discount period. Journal entry worksheet Record Mesa's receipt of payment from Santa Fe within the discount period. Note: Enter debits before credits. Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 3/10,n/60 and an invoice price of $2 merchandise had cost Mesa $18,755. Assume that both buyer and seller use a perpetual inventory system and the gross met 1. Prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount period, and (c) cash pa 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 collect the discount period. Complete this question by entering your answers in the tabs below. Prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount period, and (c) cash payment a discount period. Journal entry worksheet
