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Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. for shipping point. The goods cost rroy \$17, 755 . Sydney pays $595 cash to Express Shipping for delivery charges on the merchandise. May 12 Sydney returns $1,200 of the $26,500 of goods to Troy, who receives them the same day and restore them to it inventory The returned goods had cost lroy $804 Hay 20 Sydney pays Troy for the amount owed. Troy receives the cash 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 fournal entries that Troy Wholesalers (seller) records for these three transactions. Sydney accepts delivery of $26,500 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $17,755. Record Troy's entry for this transaction. Note: Enter debits before credits. ournal entry worksheet The goods cost Troy $17,755. Record Troy's entry for this transaction. Note: Enter debits before credits. Journal entry worksheet Sydney returns $1,200 of the $26,500 of goods to Troy, who receives them the same day and restores them to its inventory. Record Troy's entry for this transaction. Note: Enter debits before credits. Prepare journal entries that Troy Wholesalers (seller) records for these three transactions. Journal entry worksheet The returned goods had cost Troy $804. Record Troy's entry for this transaction. Note: Enter debits before credits, Journal entry worksheet 1 Sydney pays Troy for the amount owed. Troy receives the cash immediately. Record Troy's entry for this transaction. Note: Enter debits before credits

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