8)

11)

The following information applies to the questions displayed below.] Littleton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for 53,800 , terms 2/10,n/30. May 3 Pays cash for freight costs of $250 on books purchased from Readers. May 5 Returns books with a cost of $200 to Readers because part of the order is incorrect, May 10 Pays the full amount due to Readers. May 30 sells all books purchased on May 2 (less those returned on May 5) for 54,500 on account. Exercise 6-9 (Algo) Part 2 2. Assume that payment to Readers is made on May 24 instead of May 10. Record this payment. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 2. Assume that payment to Readers is made on May 24 instead of May 10 . Record this payment. (If no entry is req transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record payment of the full amount due to Readers. Note: Enter debits before credits. TB EX Qu. 6-209 (Algo) During 2024, a company sells... During 2024. a company sells 21 units of inventory. The company has the following inventory purchase transactlons for 2024 : Calculate ending inventory and cost of goods sold for 2024 assuming the company uses FIFO