[The following information applies to the questions displayed below.] Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions.

May		11		Sydney accepts delivery of $45,000 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $33,000. Sydney pays $380 cash to Express Shipping for delivery charges on the merchandise.
May		12		Sydney returns $1,800 of the $45,000 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy $1,320.
May		20		Sydney pays Troy for the amount owed. Troy receives the cash immediately.

(Both Sydney and Troy use a perpetual inventory system and the net method.)

1. Prepare journal entries that Sydney Retailing records for these transactions.

2. Prepare journal entries that Troy Wholesalers records for these transactions.