Littleton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $2,600, terms 1/10, n/30. May 3 Pays cash for freight costs of $130 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 $3,300 on account. 2. Record the period-end adjustment to cost of goods sold on May 31, assuming the company has no beginning or ending inventory. (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 Record period-end adjustment. Note: Enter debits before credits. General Journal Debit Credit Date May 31