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Littleton Book s has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $ 2 , 5 0 0

Littleton Book s has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $2,500, terms 2/10, n/30.May 3 Pays cash for freight costs of $120 on books purchased from Readers.May 5 Returns books with a cost of $250 to readers because part of the order in incorrectMay 10 Pays the full amount due to readers.May 30 sells all books purchased on May 2 less those returned on May 5) for $3,200 on account.

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