Question: help with this two part question 2 Complete this question by entering your answers in the tabs below. Prepare journal entries that Sydney Retailing (buyer)









Complete this question by entering your answers in the tabs below. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. Journal entry worksheet Sydney returns $1,400 of the $40,000 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy $1,050. Record Sydney's entry for this transaction. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. Journal entry worksheet Sydney pays Troy for the amount owed. Troy receives the cash immediately. Record Sydney's entry for this transaction. Note: Enter debits before credits. Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydney accepta delivery of $40,000 of merchandise it parchasen for resale from Troy involee dated May 11 , terin 3/10, n/90, rob shipping point. The goods cost. Froy $30,000. Sydney pays $345 cash to Expresn shipping for delivery ebarges on the morchandise. May 12 Sydney returns $1,400 of the 540,000 of goods to Troy, who receives them the sante day and restores then to its hay 12 inventory. The returned goods bad cont zroy $1,050. May 20 sydney pays Troy for the anount oved. Troy receives the cash inmedistely. (Both Sydney and Troy use a perpetual inventory system and the gross method.) 1. Prepare journal entries that Sydney Retaling (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 journal entries that Sydney Retaiing (buyer) records for these three transactians. Journal entry worksheet 4 Syaney accepts delivery of $40,000 of merchandise it purchases for resale from Troy involce dated May 11 , terms 3/10,n/90, Fo8 shipping point. The goods cost trov $30,000. Record Sydney's entry for this transaction: Wotel Ever debies before ondits. Complete this question by entering your answers in the tabs below. Prepare journal entries that Troy Wholesalers (seller) records for these three transactions. Journal entry worksheet 5 Sydney accepts delivery of $40,000 of merchandise it purchases for resale from Troy: invoice dated May 11 , terms 3/10,n/90, FOB shipping point. The goods cost Troy $30,000. 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 5 Sydney returns $1,400 of the $40,000 of goods to Troy, who recelves them the same day and restores them to its inventory. Record Troy's entry for this: transaction. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. Journal entry worksheet Sydney pays $345 cash to Express Shipping for delivery charges on the merchandise. Record Sydney's entry for this transaction. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. Journal entry worksheet 2 Sydney accepts delivery of $40,000 of merchandise it purchases for resale from Troy: invoice dated May 11 , terms 3/10,n/90, FOB shipping point. The goods cost Troy $30,000. Record Sydney's entry for this transaction. Notei Enter debits betore credits. Prepare journal entries that Troy Wholesalers (seller) records for these three transactions. Journal entry worksheet
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