need debit and credit

Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions May 11 Sydney accepts delivery of $28,500 of merchandise it purchases for resale from Troy: Invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $19,095. Sydney pays $445 cash to Express Shipping for delivery charges on the merchandise. 12 Sydney returns $1,200 of the $28,500 of goods to Troy, who receives then the same day and restores them to its inventory. The returned goods had cost Troy 5804. 20 Sydney pays Troy for the amount owed. Troy receives the cash immediately. (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 joumal entries that Troy Wholesalers (seller) records for these three transactions Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. View transaction list Sydney accepts delivery of $28,500 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $19,095. Note: Enter debits before credits. Debit Credit Date May 11 General Journal Merchandise inventory Accounts payable Record entry Clear entry View general journal He Required 2 > View transaction list Journal entry worksheet > 1 2 3 Sydney pays $445 cash to Express Shipping for delivery charges on the merchandise. Note: Enter debits before credits. Debit Credit Date May 11 General Journal Merchandise inventory Cash Record entry Clear entry View general journal 01:03:03 Journal entry worksheet Sydney returns $1,200 of the $28,500 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy $804. Note: Enter debits before credits Date Debit May 12 Credit General Journal Accounts payable Merchandise inventory Record entry Clear entry View general Journal Required 2 > Journal entry worksheet Sydney pays Troy for the amount owed. Troy receives the cash immediately. Note: Enter debits before credits. Debit Credit Date May 20 General Journal Accounts payable Merchandise inventory Cash Record entry Clear entry View general journal Required 1 Required 2 Prepare journal entries that Troy Wholesalers (seller) records for these three transactions. View transaction list 23 Journal entry worksheet Record the cost of goods sold. Note: Enter debits before credits. Debit Credit Date May 11 General Journal Cost of goods sold Merchandise inventory Panordland View transaction list Journal entry worksheet