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HWS Save Help Save Exit Check my 10 Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 2/10, 1/60 and an invoice price of $27,900. The merchandise hod cost Mesa $19,028. Assume that both buyer and seller use a perpetual inventory system and the gross method. 1. Prepare entries that the buyer records for the purchase. (b) cash payment within the discount period, and (a cash payment after the discount period 2. Prepare entries that the seller records for the (a) sale (0) cash collection within the discount period, and (a cash collection after the discount period 6.76 points Complete this question by entering your answers in the tabs below. look Required 1 Required 2 Prepare entries that the seller records for the () sole, (o) cash collection within the discount period, and (c) cash collection after the discount period PM View transaction let View journal entry worksheet No Transaction 1 General Journal Debi Credit 1 27.900 Merchandise inventory Accounts payable 27,000 2 a-2 27.900 Accounts payable Cash Merchandise inventory b Accounts payable (Required 1 H2 no raw Till