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tps:/mewoonnect.n Help Save & ork ey Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions 11 Sydney accepts delivery of $40,008 of merchandise
tps:/mewoonnect.n Help Save & ork ey Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions 11 Sydney accepts delivery of $40,008 of merchandise it purchases for resale from Troy: invoice dated May 11; terms 3/10, n/98; F08 shipping point. The goods cost Troy $30,099. Sydney pays $345 cash to Express Shipping for delivery charges on the merchandise. 12 Sydney returns $1,408 of the $48,000 of goods to Troy, who receives them the same day and restores then to its inventory. The returned goods had cost Troy $1,858 28 Sydney pays Troy for the amount owed. Troy receives the cash inmediately. h Sydney and Troy use a perpetual inventory system and the gross method) epare journal entries that Sydney Retailing (ouyer) records for these three transactions epare journal entries that Troy Wholesalers (seller) records for these three transactions. omplete this question by entering your answers in the tabs below equired 1 Required 2 epare journal entries that Sydney Retailing (buyer) records for these three transactions. ew transaction list View journal entry worksheet
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