Exercise 4-10 (Algo) Recording sales, purchases, shipping, and returns-buyer and seller LO P1, P2 Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydncy accepts delivery of $36,500 of merchandise it purchases for resale from Troy: anvoice dated May 11, terms 3/10, n90, FOB shippang point. The goods cost Troy $24,455, Sydney pays $620 cash to Express Shippung for delivery charges on the merchandise. May 12 Sydaey returns $1,100 of the $36,500 of goods to Troy, who recerves them the sarne day and restores them to its inventory. The returned goods had cost Troy 5737 . May 20 Sydney pays Troy for the amount owed. Troy receives the cash umediately. (Both Sydney and Troy use a perpetual inventory system and the gross method.) 1. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. 2. Prepare journal entries that Troy Wholesalers (sellet) records for these three transactions. Complete this question by entering your answers in the tabs below