Saved Sydney Retalling (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydney accepts delivery of $38,500 of merchandise it purchases for resale from Troy: invoice dated May 11, terns 3/10, n/90, POB shipping point. The goods cost Troy $25,795. Sydney pays $450 cash to Express Shipping for delivery charges on the merchandise 12 Sydney return $1,200 of the $30,500 of goods to Troy, who receives then the same day and restores them to its inventory. The returned goods had cost Troy $804. 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 Retalling (buyer) records for these three transactions 2. Prepare journal entries that Troy Wholesalers (seller) records for these three transactions Complete this question by entering your answers in the tabs below. Required Required 2 Prepare journal entries that Sydney Retaling (buyer) records for these three transactions View action lit Journal entry worksheet 1 2 Syy accepts delivery of $38.500 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 1/10, 90, FOB shipping point. The goods cost Troy $25.795 ter bort Debit May 11 Credit MacBook Pro 44 F II > 11 w # A 2 $ 4 % 5 6 6 & 7 * 00 9 0 1A Saved 6 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 lit Journal entry worksheet MacBook Pro FI SO : F4 F6 FU red 1 Required 2 Te journal entries that Troy Wholesalers (seller) records for these three tram w transaction list Journal entry worksheet 1 2 3 4 5 Record the cost of goods sold. Note: Enter debits before credits Date Debit Credit May 11 General Journal Cost of goods sold Merchandise inventory Record Only Clowntry View general jou Prey 4 of 11 12 Next > 20