Littleton Books has the following transactions during May.

May $2$ Purchases books on account from Readers Wholesale for $$3,100,$ terms $\frac{2}{10},\frac{n}{30}.$

May $3$ Pays cash for freight costs of $$180$ on books purchased from Readers.

May $5$ Returns books with a cost of $$300$ to Readers because part of the order is incorrect.

May $16$ Pays the full anount due to Readers.

May $30$ Sells all books purchased on May $2(1$ess those returned on May $5)$ for $$3,860$ on account.

Exerclse $6-9($Algo$)$ Part $1$

Required:

Record the transactions of Littleton Books, assuming the company uses a perpetual Inventory system. $($ff no entry is requ transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

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$\backslash$table$[[,$No$,$Date,General Journal,Debit,Gredit$],[2,1,$May $02,$Inventory,$3,100,],[,,$Accounts Payable,,$3,100],[,=,,,],[2,2,$May $03,$Inventory,$180,],[,-,$Cash,,$180],[,5,\frac{?}{\text{b}\text{a}\text{r}}(an),,],[1,3,$May $05,$Accounts Payable,$300,],[,2,$Inventory,,$300],[,,,,],[1,4,$May $10,$Accounts Payable,$2,800,],[,,$Inventory,,$],[,,$Cash,,$],[\stackrel{}{x},,,,],[7,5,$May $30,$Accounts Receivable,$3,800,],[,,$Sales Revenue,$5,3,800],[,,$Cost of Goods Sold,,$]]$