Sydney Retaling (buyer) and Troy Wholesalers (seller) enter into the following transactions May 11 Sydney accepte delivery of $27.500 of merchandise it purchases for resale from Troy Invoice dated May 11. terns 3/10, 90, POB shippine point. The coods cout Troy $18.425. Sydney pay: 1660 cash to Express Shipping for delivery charges on the rodite 12 Sydney return $1.400 of the $2.500 of toode to Troy, who receives then the one day and restores then to its inventory. The returned toode had cost Troy 1938. 20 Sydney pays Troy for the mount ored. Troy receives the cash innediately. (Both Sydney and Tray use a perpetual 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 . Complete this question by entering your answers in the tabs below. Required 1 Print Required 2 Prepare journal entries that Sydney Retailing (buyer) records for these three transactions, View transaction list Journal entry worksheet 1 2 Sydney accepts delivery of $27.500 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, 1/90, FOB shipping point. The goods cost Troy 518,425 NoteEnter debit before credits General Journal Debit May 11 1. Prepate journal entries that Sydney Retailing (buyer) 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