Help Save & Exit Submit Check my work Exercise 4-19A Recording sales, purchases, shipping, and returns: buyer and seller-periodic LO P5 Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions points May 11 Sydney accepts delivery of $4,000 of merchandise it purchases for resale fron Troy: invoice dated May 11, terms 3/10, 1/90. OB whipping point. The goods cost Troy $22,780. Sydney pays $500 cash to Express Shipping for delivery charges on the merchandise. 12 Sydney returns $2,000 of the $34.000 of goods to Troy, who receives then the same day and restore them to its Inventory. The returned goods had cost Trey 51.340. 20 Sydney pay Troy for the amount owed. Troy receives the cash mediately. Assume that both buyer and seller use a periodic inventory system and the gross method 1. Prepare journal entries that Sydney Retang (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. Required 1 Required 2 Prepare journal entries that Sydney Retailing (buyer) records for these three transactions,