I need some help with my accounting homework with three questions that I am stuck on

Question 16

Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions.

May11Sydney accepts delivery of $38,000 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $25,460. Sydney pays $700 cash to Express Shipping for delivery charges on the merchandise.

12Sydney returns $2,800 of the $38,000 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy $1,876.

20Sydney pays Troy for the amount owed. Troy receives the cash immediately.

Assume that both buyer and seller use a periodic 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 (seller) records for these three transactions.

( I have provided a screenshot of the graphs that provide the Journal entry worksheet down below for required 1 and 2)

Required 1 Required 2 Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. View transaction list View journal entry worksheet .l' 1 May 11 Merchandise inventory 32,000 Accounts payable 32,000 I 2 May 11 Merchandise inventory 350 Cash 350 I. 3 May 12 Accounts payable 15,000 Merchandise inventory 15,000 I 4 May 20 Accounts payable 30,500 Cash Required 2 > Requiredl Required2 Prepare journal entries that Troy Wholesalers (seller) records for these three transactions. View transaction list Journal entry worksheet