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Littleton Books has the following transactions during May. May 2 Purchases books on account fron Readers Wholesale for 54,200, terms 2/10, n/30. May 3 Pays

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Littleton Books has the following transactions during May. May 2 Purchases books on account fron Readers Wholesale for 54,200, terms 2/10, n/30. May 3 Pays cash for freight costs of $290 on books purchased from Readers. May 5 Returns books with a cost of $350 to Readers because part of the order is incorrect. May 1e Pays the full amount due to Readers. May 3e Sells all books purchased on May 2 (less those returned on May 5) for $4,900 on account. Exercise 6-9A Part 1 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.) View transaction list Journal entry worksheet Required intormation Required: 1. Record the transactions of Littleton Books, assuming the company uses a perpetual inventory system. (If no entry is requis transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 O 5 6 Record payment of the full amount due to Readers. Note: Enter debits before credits. Date General Journal Debit Credit May 10 Record entry Clear entry View general journal Required information Required: 1. Record the transactions of Littleton Books, assuming the company uses a perpetual inventory system. (If no entry is to transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet

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