Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions May 11 Syney accepts delivery of $38, 000 of merchandise it purchases for resale from Troy: invoice dated May 11: terms 3/10, n/90 FOB shipping point. The goods cost Troy $25, 460 Sydney pays $395 cash to Express Shipping for delivery charges on the merchandise 12 Sydney returns $1, 500 of the $38,000 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy $, 005 20 Sydney pays Troy for the amount owed. Troy receives the cash imediately (Both Sydney and Troy use a perpetual inventory system and the gross method.) 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 Required Required 2 Prepare journal enbres that Sydney Retaillng (buyer) records for these three transactions Journal entry worksheet Sydney accepts delivery of 38,000 of merchandise it purchases for resale from Troys invoice dated May 8 terms 10, /90FOB sipping point. The goods cost Thay $25,460 May t