Santa Fe Retailing purchased merchandise from Meso Wholesalers with credit terms of 2/10, n/60 and an invoice price of $21.500. The merchandise hod cost Meso $14.663. Assume that both buyer and seller use a perpetual Inventory system and the gross method 1. Prepare entries that the buyer records for the (o purchase. (b) cash payment within the discount period, and (cash payment after the discount period 2. Prepare entries that the seller records for the (a) sale, (b) cash collection within the discount period, ond ( 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 buyer records for the () purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period, View transaction at Journal entry worksheet Record Santa Fe Retailing'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 $21,500 Prepare entries that the buyer records for the (a) purchase, (b) cash payment within the disco discount period. View transaction list X bok int 1 Record Santa Fe Retailing'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 $21,500. int returns) price of ences 2 Record payment by Santa Fe within the discount period, 3 Record payment by Santa Fe after the discount period. Credit Note e: = journal entry has been entered Record entry Clear entry View general Journal Prepare entries that the seller records for the (a) sale, (D) casn collection within the ai discount period. View transaction list X 1 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 $21,500. 5) to of 2 Record the cost of the goods sold to Santa Fe, $14,663. es 3 Record Mesa's receipt of payment from Santa Fe within the discount period. Credit 4 Record Mesa's receipt of payment from Santa Fe after the discount period. Note : = journal entry has been entered Record entry Clear entry View general je