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Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. Journal entry worksheet Sydney accepts delivery of $39,000 of merchandise it purchases for

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Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. Journal entry worksheet Sydney accepts delivery of $39,000 of merchandise it purchases for resale from Troy: invoice dated May 11 , terms 3/10,n/90, FOB shipping point. The goods cost Troy $26,130. Record Sydney's entry for this transaction. Note: Enter debits before credits. Journal entry worksheet Sydney pays $300 cash to Express Shipping for delivery charges on the merchandise. Record Sydney's entry for this transaction. Note: Enter debits before credits. Journal entry worksheet Sydney pays Troy for the amount owed. Troy receives the cash immediately. Record Sydney's entry for this transaction. Note: Enter debits before credits. Journal entry worksheet Sydney returns $1,200 of the $39,000 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost. Troy $804. Record Sydney's entry for this transaction. Note: Enter debits before credits. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. Journal entry worksheet Sydney accepts delivery of $39,000 of merchandise it purchases for resale from Troy: invoice dated May 11 , terms 3/10,n/90, FOB shipping point. The goods cost Troy $26,130. Record Sydney's entry for this transaction. Note: Enter debits before credits. Journal entry worksheet Sydney pays $300 cash to Express Shipping for delivery charges on the merchandise. Record Sydney's entry for this transaction. Note: Enter debits before credits. Journal entry worksheet Sydney pays Troy for the amount owed. Troy receives the cash immediately. Record Sydney's entry for this transaction. Note: Enter debits before credits. Journal entry worksheet Sydney returns $1,200 of the $39,000 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost. Troy $804. Record Sydney's entry for this transaction. Note: Enter debits before credits

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