Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions May 11 Sydney accepts delivery of $20,000 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $13,48. Sydney pays $565 cash to Express Shipping for delivery charges on the 12 Sydney returns $1,300 of the $20,wee of goods to Troy, who receives then the same day and restores then to its inventory 20 Sydney pays Troy for the amount owed. Troy receives the cash imediately (May 2e is within the discount period). (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 entiles 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 list Journal entry worksheet Prey 1 of 1 Next