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Please show work On May 11, Sydney Co accepts delivery of $28, 500 of merchandise it purchases for resale from Troy Corporation. With the merchandise

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On May 11, Sydney Co accepts delivery of $28, 500 of merchandise it purchases for resale from Troy Corporation. With the merchandise is an invoice dated May 11, with items of 3/10, n/90, FOB shipping point. The goods cost Troy $19, 095. When the goods are delivered. Sydney pays $550 to Express Shipping for delivery charges on the merchandise. On May 12, Sydney returns $2, 200 of goods to Troy, who receives them one day later and restores them to inventory. The returned goods had cost Troy $1, 474. On May 20, Sydney mails a check to Troy Corporation for the amount owed. Troy receives it the following day. (Both and Sydney and Troy use a perpetual inventory system.) Prepare journal entries that Sydney Co. records for these transactions. Prepare journal entries that Troy Corporation records for these transactions

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