Sydney retailing (buyer) and troy wholesalers (seller) enter into the following transactions. may 11 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. sydney pays $345 cash to express shipping for delivery charges on the merchandise.12 sydney returns $1,400 of the $40,000 of goods to troy, who receives then the same day and restores them to its inventory. the returned goods had cost troy $1,050.20 sydney pays troy for the amount owed. troy receives the cash immediately.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.

by knowing conditionality

explanation:

watch how they communicate and watch how they handle their free time

hope it !

answer; operating revenues;

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know