Sydney Retalling (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydney accepte dellvery of $36,000 of merchandise it purchases for rasale tron Troyi Invoice dated May 11) terns 3/10, n/90; pos ehipping point. The goode cont Troy $24,120. Sydney payn $550 canh to Expreas shipping lor delivery chargee on the merchandine. 12 5ydney return $1,300 of the $36,000 of goodn to Troy, who recelves then the sase day and rentorer then to 1 ts inventory. The returned goodi had oost Troy $871. 20 sydney paye Troy for the amount owed. Troy recelven the cash 1ngediately. (Both Sydney and Troy use a perpetual inventory system and the gross method.) 1. Prepare joumal 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 joumal entries that Sydney Retaling (buyer) records for these three transactions. Journal entry worksheet Sydney accepts delivery of $36,000 of merchandise it purchases for resale from Troy: invoice dated May 11; terms 3/10,n/90; FOB shipping point. The goods cost Troy $24,120. Note: Enter debits before crotits