Exercise 6-9 Littleton Books has the following transactions during May: May 2 May 31 May 5 May 10 May 30 Required: Purchases books on account from Readers Wholesale for $3,300, terms 1/10, n/30. Pays cash for freight costs of $200 on books purchased from Readers. Returns books with a cost of $400 to Readers because part of the order is incorrect. Pays the full amount due to Readers. Sells all books purchased on May 2 (less those returned on May 5) for $4,000 on account. 1. Record the transactions of Littleton Books, assuming the company uses a perpetual inventory system. 2. Assume the payment to Readers is made on May 24 instead of May 10. Record the payment. DATE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 GENERAL JOURNAL DESCRIPTION Page: POST REF. DEBIT CREDIT