Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydney accepts delivery of $22.000 of merchandise it purchases for resale fron Troy invoice dated May 11, terns 3/10, 1/90 FOB shipping point. The goods cost Troy $14.740. Sydney pays $440 cash to Express Shipping for delivery charges on the merchandise. 12 Sydney returns $1.500 of the $22.000 of goods to Troy, who receives then the sane day and restore then to its inventory. The returned goods had cost Troy $1.005. 20 Sydney paya Troy for the amount oved. Troy receives the cash insediately. (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 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