Sydney Retailing $($buyer$)$ May $11$ Sydney accepts May $11,$ terms Express Shippin May $12$ Sydney returns them to its in May $2\backslash$theta Sydney pays Tro $($Both Sydney and TroyRequired information $[$The following information applies to the questions displayed below.$]$ Sydney Retailing $($buyer$)$ and Troy Wholesalers $($seller$)$ enter into the following transactions. May $11$ Sydney accepts delivery of $ $40,000$ of merchandise it purchases for resale May $11,$ terms $3/10,$ n $/90,$ FOB shipping point. The goods cost Troy $ $34,000.$ Express Shipping for delivery charges on the merchandise. May $12$ Sydney returns $ $1,300$ of the $ $40,000$ of goods to Troy, who receives them th them to its inventory. The returned goods had cost Troy $$1,105.$ May $20$ Sydney pays Troy for the amount owed. Troy receives the cash immediately. $($Both Sydney and Troy use a perpetual inventory system and the net method.$)2.$ Prepare journal entries that Troy Wholesalers $($seller$)$ records for these three transactions.