Journal entiry worlosheet Sydney accepts delivery of $25,000 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $16,750. Record Sydney's entry for this transaction. Sydney Retaiting (buyer) and Troy Wholesters (selley) enter into Itie following transaction. May 20 Sydncy pays. Troy for the anount owed. Troy recelves the cash inecolintely. (Both Sydriey and Troy use a perpetual inventory fystem and the gross method) 1. Prepare joumal entries that Sydney Retailing (buyer) records for these theo tramactions. 2. Prepare joumal entries that Iroy Wholesalers (seller) records for these three transictions. Propare journal ontrios that Sydney Retalling (buyer) recordis for these throe transactiona. Joumal entiry worlcsheet Sydney pays Troy for the amount owed. Troy receives the cash immediately. Record Sydney's entry for this transaction. Note: Finter debits before credits. Journal emtiny worlcsheet Sydney pays $450 cash to Express Shipping for delivery charges on the merchandise. Record Sydney's entry for this transaction. Journal entry worksheet Sydney returns $1,100 of the $25,000 of goods to Troy, who receives them the same day and restores thern to its inventory. The returned goods had cost Troy $737. Record Sydney's entry for this transaction. Note: Enter debits before credits