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Sydney Retailing (buyer) and Troy Wholesalers (setler) enter into the following transactions May 11 Sydney accepta delivery of $2,500 of merchandiselt purchases for resale from

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Sydney Retailing (buyer) and Troy Wholesalers (setler) enter into the following transactions May 11 Sydney accepta delivery of $2,500 of merchandiselt purchases for resale from Troy invoice dated May 11, tem 3/10, 1/90, OB hipping point. The goods cout Troy 919,765. Sydney pay $355 cash to Expo Shipping for delivery charge on the merchandise May 12 Sydney return $1,300 of the $2.500 of yoods to Troy, who receive them the same day and restore them to its Inventory. The returned oode had coat Troy 5071 May 20 Sydney pays Troy tee the amount oved. Troy receives the cash inmediately. (Both Sydney and Troy use a perpetual inventory system and the gross method.) 1. Prepare journal entries that Sydney Retailing (buyeo) 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 list Journal entry worksheet 1 2 3 4 Required 1 Required 2 Prepare journal entries that Troy Wholesalers (seller) records for these three transactions. View transaction list Journal entry worksheet

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