Exercise 4-10 (Algo) Recording sales, purchases, shipping, and returns--buyer and seller LO P1, P2 Sydney...
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Exercise 4-10 (Algo) Recording sales, purchases, shipping, and returns--buyer and seller LO P1, P2 Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydney accepts delivery of $21,000 of serchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $14,070. Sydney pays $625 cash to Express Shipping for delivery charges on the serchandise. May 12 Sydantorotorne Fo.200 af the, f14, 60 t_goods to. froy, who receives thes the sane day and restores May 20 Sydney pays Troy for the amount owed. Troy receives the cash insediatoly
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