Littleton Books has the following transactions during May. May $2$ Purchases books on account from Readers Wholesale for $$3,800,$ terms $2/10,$ n$/30.$ May $3$ Pays cash for freight costs of $$250$ on books purchased from Readers. May $5$ Returns books with a cost of $$200$ to Readers because part of the order is incorrect. May $10$ Pays the full amount due to Readers. May $30$ Sells all books purchased on May $2($less those returned on May $5)$ for $$4,500$ on account.Required information Exercise $6-9($Algo$)$ Record transactions using a perpetual system $($LO$6-5)[$The following information applies to the questions displayed below.$]$ Littleton Books has the following transactions during May. May $2$ Purchases books on account from Readers Wholesale for $$3,800,$ terms $(2)/(10),($n$)/(30).$ May $3$ Pays cash for freight costs of $$250$ on books purchased from Readers. May $5$ Returns books with a cost of $$200$ to Readers because part of the order is incorrect. May $10$ Pays the full amount due to Readers. May $30$ Sells all books purchased on May $2($less those returned on May $5)$ for $$4,500$ on account. Exercise $6-9($Algo$)$ Part $1$ Required: 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.$)!$ Required information Exercise $6-9($Algo$)$ Record transactions using a perpetual system $($LO$6-5)[$The following information applies to the questions displayed below.$]$ Littleton Books has the following transactions during May. May $2$ Purchases books on account from Readers Wholesale for $$3,800,$ terms $(2)/(10),($n$)/(30).$ May $3$ Pays cash for freight costs of $$250$ on books purchased from Readers. May $5$ Returns books with a cost of $$200$ to Readers because part of the order is incorrect. May $10$ Pays the full amount due to Readers. May $30$ Sells all books purchased on May $2($less those returned on May $5)$ for $$4,500$ on account. Exercise $6-9($Algo$)$ Part $1$ Required: 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.$)$