Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. May Sydney accepts delivery of S22,see o f merchandise it purchases for resale from Troy: invoice deted May 11; terns 3/10, n/9e; FoB shipping point. The goods cost Troy $15,075. Sydney pays $445 cash to Express shipping for delivery charges on the merchandise 12 Sydney returns $1,400 of the $22,se0 of goods to Troy, who receives then the same day and restores them to its inventory The returned goods had cost Troy $938 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. 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. Journal entry worksheet K Prey 4 of 8 Next> search Journal entry worksheet 2 4 Sydney accepts delvery of $22,500 of merchandise it purchases for resale from Troy: invoice dated May 11; terms 3/10, n/90; FOB shipping point. The goods cost Troy $15,075 Date General Journal Debit Credit May 11 Clear entry View general journal Record entry earch Journal entry worksheet Sydney pays $445 cash to Express Shipping for delivery charges on the Journal entry worksheet Sydney pays Troy for the amount owed. Troy receives the cash immediately May 20 K Prev4 of 8 Next > re to search