Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 sydney accepts delivery of 532.500 of merchandise at purchases for renale from Troy invoice dated May 11, torna 3/10, 1/90, POD shipping point. The goods cont Troy $21,775. Sydney pays 1545 cash te txpress Shipping for delivery charges on the merchandise 12 sydney returns 51.100 of the 032,500 or good to Troy, who receive then the one day and restore then to its Inventory. The returned goods had cont troy 973). 20 Sydney payn Troy for the amount owed. Troy receives the coob mediately (Both Sydney and Troy use a perpetual inventory system and the gross method) 1. Prepare journal entries that Sydney Retailing (buyor) records for these three transactions 2. Prepare journal entries that Troy Wholesalers (seller) records for these three transactions Required 1 Required 2 Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. View transaction list Journal entry worksheet