Wildhorse Company is a furniture retailer and uses the perpetual inventory system. On January 14, 2025, Wildhorse purchased merchandise inventory at a cost of $42,500. Credit terms were 2/10,n/30. The inventory was sold on account for $65,500 on January 21,2025. Credit terms were 1/10, n330. The accounts payable was settied on January 23, 2025, and the accounts receivables were settied on January 30,2025 . Prepare journal entries to record each of these transactions. (Credit account tities are outomatically indented when the amount is entered. Do not indent manually. Record journal entries in the onder presented in the problem. List debit entries before credit entries)