Important Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions Fos shipping point. The goods cost Troy $13,090. Sydney poys $410 cash to Express Shipping for delivery charges an the merchandise. May 12 Sydney returns $1,200 of the $27,000 of goods to Troy, who recelves then the sane day and restorit theit to ftes truentory. The returned goods had cost Troy $ sod. Moy 20 Sydney pays troy for the anount oued. Tcoy recelves the cosh Inedlately. (Both Sydney and Troy use a perpetual inventory system and the gross method) 1. Prepare joumal entries that Sydney Retaing (buyer) records for these three transactions 2. Prepare journal entries that Troy Wholesalers (seller) records for these three transactions. Journal entry worksheet Sydney accepts delivery of $27,000 of merchandise it purchases for resale from Troy: invoice dated May 11 , terms 3/10,n/90, FOB shipping point. The goods cost Troy $18,090. Record Sydney's entry for this transaction. Note: Enter debits before credits. Journal entry worksheet Sydney pays $410 cash to Express Shipping for delivery charges on the merchandise. Record Sydney's entry for this transaction. Note: Enter debits before credits. Journal entry worksheet Sydney returns $1,200 of the $27,000 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy \$804. Record Sydney's entry for this transaction. Note: Enter debits before credits. Journal entry worksheet Sydney pays Troy for the amount owed. Troy receives the cash immediately. Record Sydney's entry for this transaction. Note: Enter debits before credits