Sydney Retailing (buyers and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydney accepte delivery of $21,000 of merchandise it purchases for resale from Troy Invoice dated May 11, terma 1/10, 1/30. To shippine polot. The good cout Troy $14,070. Sydney pay $40 canh ta Express Shipping for 12 Sydney returns $1,900 of the $21,000 of good to Troy, who receive than the same day and restore then to its Inventory. The returned goods had coat Tray 61,27). 20 Sydney pays Troy for the amount oved. Troy receive the cash imediately. Assume that both buyer and seller use a periodic 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. Journal entry worksheet Sydney accepts delivery of $21,000 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, 1/90, FOB shipping point. The goods cost Troy $14,070. Note: Enter debits before credits Date General Journal Debit Credit May 11 Journal entry worksheet 2 Prev 6 NAVI Journal entry worksheet