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equired information Skip to question [ The following information applies to the questions displayed below. ] Littleton Books has the following transactions during May. May

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[The following information applies to the questions displayed below.]
Littleton Books has the following transactions during May.
May 2Purchases books on account from Readers Wholesale for $3,300, terms 1/10, n/30.May 3Pays cash for freight costs of $200 on books purchased from Readers.May 5Returns books with a cost of $400 to Readers because part of the order is incorrect.May 10Pays the full amount due to Readers.May 30Sells all books purchased on May 2(less those returned on May 5) for $4,000 on account.
Required:
1. Record the transactions of Littleton Books, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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