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. 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 View journal entry worksheet No Date General Journal 1 May 02 Inventory Accounts Payable 2 May 03 Freight-In Cash 3 May 05 Accounts Payable Inventory 4 May 10 Accounts Payable Cash Purchase Discounts 5 May 30 Accounts Receivable Sales Revenue Debit Credit 2,600 2,600 130 130 200 200 2,400 2,376 24 24 3,300 3,300 6 May 30 Cost of Goods Sold 2,400 Inventory 2,400