Sydney Retalling (buyer) and Troy Wholesalers (seller) enter Into the following transactions May 11 Sydney accepts delivery of $25,888 of merchandise it purchases for resale from Troy: invoice dated May 11; terms 3/18, n/9e FOB shipping point. The goods cost Troy $16,75. Sydney pays $695 cash to Express Shipping for delivery charges on the 12 Sydney returns $1,388 of the $25,80 of goods to Troy, who receives them the sane day and restores them to its inventory The returned goods had cost Troy $871 28 Sydney pays Troy for the amount owed. Troy receives the cash imediately (Both Sydney and Troy use a perpetual Inventory system and the gross method.) 1. Prepare Journal entries that Sydney Retalling (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 ew transaction lst Journal entry worksheet Sydney accepts delivery of $25,000 of merchandise it purchases for resale from Troy: invoice dated May 11; terms 3/10, n/90; FOB shipping point. The goods cost Troy $16,750. Note: Enter debits before credits. General Journal May 11