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Exercise 6-9A Record transactions using a perpetual system (LO6-5) [The following information applies to the questions displayed below.] Littleton Books has the following transactions during

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Exercise 6-9A Record transactions using a perpetual system (LO6-5) [The following information applies to the questions displayed below.] Littleton Books has the following transactions during May. 2 Purchases books on account from Readers Wholesale for $2,300, terms 2/10, n/30 3 Pays cash for freight costs of $100 on books purchased from Readers. 5 Returns books with a cost of $300 to Readers because part of the order is incorrect May ay ay 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 $3,000 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record purchase of books on account from Readers Wholesale for $2,300, terms 2/10, n/30 Note: Enter debits before credits Date General Journal Debit Credit May 02 View general journal Record entry Clear entry Journal entry worksheet 1 2 3 4 5 6 Record payment of cash for freight costs of $100 on books purchased from Readers Note: Enter debits before credits. Date General Journal Debit Credit May 03 Record entry Clear entry View general journal Journal entry worksheet 3 4 5 6

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