Sydney Retailing (buyer) a May 11 Sydney accepts May 11, terms 3 Express Shippin May 12 Sydney returns them to its inv May 20 Sydney pays Tro (Both Sydney and Troy us f2 book int Required information [The following information applies to the questions displayed below.] Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydney accepts delivery of $40,000 of merchandise it purchases for resale fr May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $34,000. S Express Shipping for delivery charges on the merchandise. May 12 Sydney returns $1,300 of the $40,000 of goods to Troy, who receives them the them to its inventory. The returned goods had cost Troy $1,105. May 20 Sydney pays Troy for the amount owed. Troy receives the cash immediately. (Both Sydney and Troy use a perpetual inventory system and the net method.) int rences 2. Prepare journal entries that Troy Wholesalers (seller) records for these three transactions.