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Santa Fe Retaling purchased merchandise from Mesa Wholesalers with credit terms of 3/10,n/60 and an invoice price of $24,000. The merchandise had cost Mesa $16,000. 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 ( d cash payment after the discount period. 2. Prepare entries that the seller records for the (d) sale, (b) cash collection within the discount period, and ( d cash collection affer the discount period. Complete this question by entering your answers in the tabs below. 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 $24,000. Notes Enter debies before oredits. Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 3/10,n/60 and an invoice price of $24,000. The merchandise had cost Mesa $16,000. Assurne 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 onswers 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 Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 3/10,n/60 and an invoice price of $24,000. The merchandise had cost Mesa $16,000. 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 payment by Santa fe after the discount period. Notei Linter debits belore credis. Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 3/10,n/60 and an invoice price of $24,000. The merchandise had cost Mesa $16.000. Assume that both buyer and seller use a perpetual inventory system and the gross method. 1. Prepare entries that the buyerrecords 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 seller records for the (a) sale. (b) Cash collection within the discount period, and (c) cash collection after the discount period. Journal entry worksheet 4 Record Mesa Wholesaler's sale of merchandise "as is" (with no returns) to 5anta Fe Retailing with credit terms of 3/10,n/60 and an invotce price of $24,000. Note: Encer debits befort ardita: Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 3/10,n/60 and an invoice price of $24,000. The merchandise had cost Mesa $16,000. 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 afterthe 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 seller records for the (a) sale, (b) cash collection within the discount period, and (c) cash collection after the discount period Journal entry worksheet Record the cost of the goods sold to santa Fe, $16,000. Notei Enter debits before credis. Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 3/10,n/60 and an invoice price of $24,000. The merchandise had cost Mesa $16,000. 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 seller records for the (a) sale, (b) cash collection within the discount period, and (c) cash collection after the discount period. Journal entry worksheet Record Mesa's receipt of payment from Santa Fe within the discount period. Fote: 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 $24,000. The merchandise had cost Mesa $16,000. Assume that both buyer and seller use a perpetual imventory system and the gross method. 1. Prepare entrles that the buyer records for the (d) 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 seller records for the (a) sale, (b) cash collection within the discount period, and (c) cash collection after the discount period. discount period. Journal entry worksheet Record Mesa's receipt of payment from Santa fe after the discount period. Noter Enter debits befare credats

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