Journal entry worksheet 2 Sydney accepts delivery of $26,500 of merchandise it purchases for resale from Troy: Involce dated May 11, terms 3/10,n/90, FOB shipping point. The goods cost Troy $17,755. Record Sydney's entry for this transaction. Note: Enter debits before credits. Journal entry worksheet Sydney pays Troy for the amount owed. Troy recelves the cash Immediately. Record Sydney's entry for this transaction. Note: Enter debits before credits. Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 sydney acceptil delivery of $26,500 of norchandise it paroheses for resale from Troy invoice dated May 11 , terns 3/10,n/90, Fos ahipping point. The goods cost Troy $17,755. Sydney pays $665 cash to Exprean Shipping for delivery charges on the merchandise. May 12 Sydney returna $1,300 of the $26,500 of goods to Troy, who receives thea the uase day and reatored them to ite inventory. The returned goods had cont rroy $971. May 20 Sydney payi Troy for the amount owod, zroy recelven the canh innadiately. (Both Sydney and Troy use a perpetual inventory system and the gross method.) 1. Prepare journal entries that Sydney Retalling (buyer) records for these three transactions. 2. Prepare journal entries that Troy Wholesalers (seller) records for these three transactions. Complete this question by entering your answers in the tabs below. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. Journal entry worksheet Sydney returns $1,300 of the $26,500 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy $871. Record Sydney's entry for this transaction. Note: Enter debits before credits. Journal entry worksheet Sydney pays $665 cash to Express Shipping for delivery charges on the merchandise. Record Sydney's entry for this transaction. Note: Enter debits before credits