Littieton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $4,100, terms 2/10, n/30. May 3 Pays cash for freight costs of $280 on books purchased fron Readers. Kay 5 Returns books with a cost of $400 to Readers because part of the order is incorrect. May 10 Pays the full amount due to Readers. May 30 Setts atl books purchased on May 2 (less those returned on May 5) for $4,8e0 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. Secord the transactions of Uttleton Books, assuming the company uses a periodic inventory system. (If no entry is transaction/event, select "No Journal Entry Requined" in the first account field.) Journal entry worksheet Record purchase of books on account from Readers Wholesale for $4,100, terms 2/10,/30. Rete" Erote detis tetone aresith. Complete this question by entering your answers in the tabs below. Record the transactions of Littleton Books, assuming the company uses a periodic inventory systern transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry worksheet Record purchase of books on account from Readers Wholesale for $4,100, terms 2/10,n/30. Note: Eniter debits before credits. Journal entry worksheet Record payment of cash for freight costs of $280 on books purchased from Readers. Note: Enter debits before credits. Journal entry worksheet Record the return of books with a cost of $400 to Readers because part of the order is incorrect. Note: Enter debits before credits. Journal entry worksheet Record payment of the full amount due to Readers. Note: Enter debits before credits. Journal entry worksheet Record the sale of all book inventory purchased on May 2 (less those returned on May 5 ) for $4,800 on account. Note: Enter debits before credits. Journal entry worksheet Record cost of inventory sold. Note: Enter debits before credits. Journal entry worksheet Record the period-end adjusting entry. Note: Enter debits before credits