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ittleton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $ 3 , 8 0 0 ,

ittleton Books has the following transactions during May.
May 2 Purchases books on account from Readers Wholesale for $3,800, 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 $4,500 on account. 2. Assume that payment to Readers is made on May 24 instead of May 10. Record this payment.
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