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 se returned on May 5) for $4,700 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.) en and drag to the Favorites Bal Tuuel UlUIL TUITINULT UIUWJLI. IPUIL TUTUL Saved work Required information 4 5 6 Record purchase of books on account from Readers Wholesale for $4,000, terms 1/10, n/30. Note: Enter debits before credits. General Journal Debit Credit Date May 02 Record entry Clear entry View general journal and drag to the Favorites Bar folder. Or import from another browser. Import favorites ork Saved Required information B 3 4 5 6 Record payment of cash for freight costs of $270 on books purchased from Readers. Note: Enter debits before credits Date General Journal Debit Credit May 03 Record entry Clear entry View general journal Saved Tk Required information