Sydney Retailing (buyer) and Troy Wholesalers (selier) enter into the following transactions. May 11 Sydney accepts delivery of $32,500 of merchandise it purchases for resale froe Troy: Invitce dated May 11. terns 3/10, n/90, FoB shipping point. The goods cost Troy $21,775. Sydney pays $565 cash to Express Shipping for delivery charges on the merchandise. May 12 Sydney returns $1,200 of the $32,503 of goods to Troy, who receives thed the sare day and restores then to its inventory. The returned goods had cost Troy $804. May 20 Sydney pays Troy for the antount ewed. Troy receives the cash innediately. (Both Sydney and Troy use a perpetual inventory system and the gross method) Required: 1. Prepare journal entries that Sydney Retailing (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. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. Journal entry worksheet Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. Journal entry worksheet Sydney accepts delivery of $32,500 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $21,775. Record Sydney's entry for this transaction. Note: Enter debits before credts. Prepare journal entries that Troy Wholesalers (seller) records for these three transactions. Journal entry worksheet Sydney accepts delivery of $32,500 of merchandise it purchases for resale from Troy: invoice dated May 11 , terms 3/10,n/90, FOB shipping point. The goods cost Troy $21,775. Record Troy's entry for this transaction. Note: Enter debits before credits