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Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 3/10, n/60 a merchandise had cost Mesa $19,983. Assume that both buyer and seller use a periodic inventory sy 1. Prepare entries that the buyer records for (a) the purchase, (b) cash payment within the discou after the discount period. 2. Prepare entries that the seller records for (a) the sale, (b) cash collection within the discount p 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 (a) the purchase, (b) cash payment within the discount period discount period. View transaction list Journal entry worksheet

Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 3/10,n/60 merchandise had cost Mesa $19,983. Assume that both buyer and seller use a periodic inventory s 1. Prepare entries that the buyer records for (a) the purchase, (b) cash payment within the disco after the discount period. 2. Prepare entries that the seller records for (a) the sale, (b) cash collection within the discount p the discount period. Complete this question by entering your answers in the tabs below. Prepare entries that the buyer records for (a) the purchase, (b) cash payment within the discount perio discount period. Journal entrv 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 $29,300. Note: Enter debits before credits. Journal entry worksheet Record payment by Santa Fe within the discount period. Note: Enter debits before credits. Journal entry worksheet Record payment by Santa Fe after the discount period. 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 $29,300. Note: Enter debits before credits. Journal entry worksheet Record Mesa's receipt of payment from Santa Fe within the discount period. Note: Enter debits before credits. Journal entry worksheet Record Mesa's receipt of payment from Santa Fe after the discount period. Note: Enter debits before credits

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