Journal entry worksheet Record the return of books with a cost of $300 to Readers because part of the order is incorrect. Note: Enter debits before credits. Record the sale of all book inventory purchased on May 2 (less those returned on May 5) for $4,700 on account. Note: Enter debits before credits. Littleton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $4,000, terms 1/10,n/30. May 3 Pays cash for freight costs of $270 on books purchased from Readers. May 5 Returns books with a cost of $300 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 $4,700 on account. Required: 1. Record the transactions of Littleton Books, assuming the company uses a periodic inventory system. 2. Record the period-end adjusting entry to cost of goods sold on May 31, assuming the company has no beginning or ending inventory. Complete this question by entering your answers in the tabs below. Record the transactions of Littleton Books, assuming the company uses a periodic inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Record cost of inventory sold. Note: Enter debits before credits. Record the period-end adjusting entry. Note: Enter debits before credits. Journal entry worksheet 2 6 Record purchase of books on account from Readers Wholesale for $4,000, terms 1/10,n/30. Note: Enter debits before credits. Journal entry worksheet Record payment of cash for freight costs of $270 on books purchased from Readers. Note: Enter debits before credits. Record payment of the full amount due to Readers. Note: Enter debits before credits