I need help solving for "Required 1 and Required 2".

Exercise 4-7 Recording sales, purchases, shipping and returns buyer and seller LO P1,92 Sydney Retailing buyer) and Troy Wholesalers (seller) enter into the Toilowing transactions. May 11 Sydney accepts delivery of $35,888 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, 1/99, FOB shipping point. The goods cost Troy $23, 450. Sydney pays $450 cash to Express Shipping for delivery charges on the merchandise. 12 Sydney returns $1,488 of the $35,088 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy $938. 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 joumal 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. Required Required 2 Prepare journal entries that Sydney Retailing (buyer) records for these three transactions View transaction fist View journal entry worksheet No Date General Journal Merchandise inventory Accounts payable Credit Debit 35,000 May 11 35.000 2 May 11 450 Merchandise inventory Cash 450 3 May 12 1.400 Accounts payable Merchandise inventory 1,400 May 20 Accounts payable Cash Merchandise inventory Required 2 >