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Sydney Retalling (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydney accepts delivery of $39,000 of merehandise it purchases for resale

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Sydney Retalling (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydney accepts delivery of \$39,000 of merehandise it purchases for resale from Troyi invoice dated May 11, tarns 3/10,n/90, Foll shipping point. The goodn cost Troy $26,130. Sydney payn 5665 caah to Express shipping for delivery charges on the merchandise. May 12 Sydney retarns $1,100 of the $39,000 of goods to Troy, who receives them the same day and reutores them to It" Inventory. The roturned goods had cost rroy $737. May 20 Bydney payo Troy for the anount owed. Troy receiven the eallh immediately. (Both Sydney and Troy 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. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. Journal entry worksheet Prepare journal entries that Troy Wholesalers (seller) records for these three transactions. Journal entry worksheet 5 Sydney accepts delivery of $39,000 of merchandise it purchases for resale; from Troy: invoice dated May 11 , terms 3/10,n/90, FOB shipping point. The goods cost Troy $26,130. Record Troy's entry for this transaction. Note: Enter debits before credits

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