Exercise 5-24A (Algo) Perlodic: Recording sales, purchases, shipping, and returns: buyer and seller LO P5 Sychey Retaling (buyer) and Troy Wholessers (sellet) enter into the following fransactiocs. telivery ctiarges on the metchandise. intentory. The returned goods hist cose Troy 3938 . Assume that both buyer and seller use a periodic inventory system and the gross method 2. Preparn journal entries that Troy Wholetalers (sellen records for thete thee transactons: Complete this questien by entering your answers in the tabs below. Journal entry worksheet Journal entry worksheet Sydney accepts delivery of $24,000 of merchandise it purchases for resale from Troy: involce dated May 11 , with terms of 3/10, n/90, FOB shipping point. Record Troy's entry for this transaction. Note: Enter debits before credts