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Sydney Retailing tbuyer) and Troy Wholesalers (seller) enter into the following transactions May 11 Sydney accepts delivery of $33,500 of merchandise it purchases for resale

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Sydney Retailing tbuyer) and Troy Wholesalers (seller) enter into the following transactions May 11 Sydney accepts delivery of $33,500 of merchandise it purchases for resale from Troy: invoice dar Fo8 Shipping point. The goods cost Troy $22,445. Sydney pays $675 cash to Express Shipping for merchandise. 12 Sydney returns $1,280 of the $33,58e of goods to Troy, who receives them the sane day and restor 29 Sydney pays Troy for the amount owed. Troy receives the cash immediately The returned goods had cost Troy $804 Both Sydney and Troy use a perpetual inventory system and the gross method) 1. Prepare journal entries that Sydney Retalling (buyen) records for these three transections. 2. Prepare journal entries that Troy Wholesalers (seller) records for these three trensactions Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare journal entries that Svdney Retailing (buver) records for these three transactions. Journal entry worksheet Prey 4 of 11 pe here to search 16 3 4 5 6 8 Required 1 Required 2 Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. Journal entry worksheet Sydney accepts delivery of $33,500 of merchandise it purchases for resale from Troy: invoice dated May 11; terms 3/10, n/90: FOB shipping point. The goods cost Troy $22,445 Note. Enter debits belore credits. Debit May 11 e here to search 16 2 6 8 9 0

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