Lttleton Books has the following transactions during May. May 2 Purchases books on account froe Readers hholesale for 51,690 , terns 3/10,n/30. May 3 Pays cash for freight costs of $170 on books purchused from Readers. May 5 Returns books with a cost of $300 to Readers because part of the order is incorrect. May 10 pays the full anount due to Readers. May 30 selis a11 books parchased on May 2 (less thase returned on May 5) for 53,700 on account. Required: 1. Record the transactions of Littleton Books, assuming the company uses a periodic inventory system. 2. Record the perlod-end adjusting entry to cost of goods sold on May 31, assuming the company has no beginning or ending inventory. Complete this question by entering your answers in the tabs below. Record the tansactions of Uttleton Books, assuming the company uses a penodic inventory syatem. (If no antry is regured tor a transactoonfivent, select "No Journal Entry Required' in the first account penidi.) Journal entry worksheet Record purchase of books on account from Readers Wholesale for 33,000 . cerms 3/10,n/30