Sydney Retailing (buyer) and Troy Wholesalers (sellen) enter into the following transactions May 11 Sydney accepts delivery of $20,5ee of merchandise it purchases for resale from Troy: invoice dated May 11, terns 3/1e, n/90 FOB shippine point. The goods cost Troy 513,735. Sydney pays $315 cash to Express Shipping for delivery charges on the merchandise 12 sydney returns $1,400 of the $20.500 of goods to Troy, who receives then the cane day and restores then to its inventory The returned goods had cost Troy $938 20 sydney pays Troy for the anount owed, Tray receives the cash feediately, (Both Sydney and Troy use a perpetual inventory system and the gross method) 1. Prepare Journal entries that Sydney Retailing (buyet) 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 Retailing buyer records for these three transactions View transactions Journal entry worksheet 1 2 3 4 Sydney accepts delivery of $20,500 of merchandise it purchases for resale from Troy: Involce dated May 11, terms 3/10, V90, FOB shipping point. The goods cost Troy $13,735 Note: Enter dit before credits General Journal Date May 11 Debit Credit