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Please solve i have 10 mins Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydney accepts delivery of $38,060

Please solve i have 10 mins
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Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydney accepts delivery of $38,060 of nerchandise it purchases for resate from Troy: invoice dated May 11 , terns 3/10,n/9g, F06 shipping point. The goods cost Troy 525,460 . Sydney pays $565 cash to Express Shipping for delivery charges on the nerchandise. 12. Sydney returns $1,200 of the $38, bas of goods to froy, who receives thei the same day and restores then to its inventory, The returned goods had cost Troy $804. 20 Sydney pays Troy for the anount owed. Troy recelves the cash imediately (May 20 is within the discount period). (Both Sydney and Troy use a perpetual inventory system and the gross method.) 1. Prepare joumal entries that Sydney Retailing (buyer) records for these three transactons. 2. Prepare joumal entries that. Troy Wholesalers (sellet) records for these three transactions. Journal entry worksheet Sydney accepts delivery of $38,000 of merchandise it purchases for resale from Troy: invoice dated May 11 , terms 3/10,n/90, FOB shipping point. The goods cost Troy $25,460. Note: Enter debits before credits. Journal entry worksheet Sydney pays $565 cash to Express Shipping for delivery charges on the merchandise. Note: Enter debits before credits. Journal entry worksheet Sydney returns $1,200 of the $38,000 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. Sydney pays Troy for the amount owed. Troy receives the cash immediately. Note: Enter debits before credits

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