xercise 4-6 Recording sales, purchases, and cash discounts-buyer and seller LO P1, P2 anta Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of voice price of $24,000. The merchandise had cost Mesa $16.000. Assume that both buyer and seller use a perpetual inventory ystem and the gross method. 3/10, n/60 and an Prepare entries th he discount period. 2. Prepare entries that the seller records for the (a) sal discount period. at the buyer records for the (a) purchase, (b) cash payment within the discount period, and (c) cash payment a le. (b) cash collection within the discount period, and (c) cash collection after Complete this question by entering your answers in the tabs belo w. Required 1 Required 2 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. View transaction list 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 $24,000. Note: Enter debits before credits General Journal Debit Credit