May 11 Sydney accepts delivery of \\( \\$ 39,500 \\) of merchandise it purchases for resale fron Troy: involce dated May i2, terns \\( 3 / 10 \\), n/90, FoB shipping point. The goods cost Troy \\( \\$ 26,465 \\). Sydney pays s353 cash to Express Shipping for delivery charges on the aerchandise. May, 12 Sydney returns \\( \\$ 1,400 \\) of the \\( \\$ 39,500 \\) of goods to Troy, who receives them the same day and restores then to its inventory. The returned goods had cost Troy \\( \\$ 938 \\). May 20 Sydney poys Troy for the anount owed. Troy receives the cash innediately. (Both Sydney and Troy use a perpetual 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. Complete this question by entering your answers in the tabs below. Prepare joumal entries that Sydney Retailing (buyer) records for these three transactions: Journal entry worksheet 2 Sydney accepts delivery of \\( \\$ 39,500 \\) of merchandise it purchases for resale from Troy: Involce dated May 11 , terms \\( 3 / 10, \\mathrm{~N} / 90 \\), FOB shipping point. The goods cost Troy \\( \\$ 26,465 \\). Record Sydney's entry for this transaction. Noter Entor debits before credits