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Required information [The foliowing information appies to the questions displayed bolow/ Sydney Retsing (buryer) and Troy Wholesalers (sethen enter into the foliowing tansactions. May 11
Required information [The foliowing information appies to the questions displayed bolow/ Sydney Retsing (buryer) and Troy Wholesalers (sethen enter into the foliowing tansactions. May 11 Sydoey accepts detivery of $0,000 of nerchabdise it purchases for cesate fron Treyi invoice dated tapress shipeing for delivery charoes in the nerehundise. May 12 sydner returns il.sed of the s4e, ofe of olode to Troy, who recelves thea the sase day and restares then to its itventory. The returned gosds hat cost Troy 11 , ese. Miy 2 Sydner pays Trey rar the moint dued. Tror recelves the cash insedately. (Both Syoney and Troy ose a Aerpetua inventary systeon and the net method) 1. Prepare joumal entries that Sydney Retniing fouyerf records for these three transacions
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