Required information Exercise 6-17A Record transactions using a periodic system (L06-8) [The following information applies to the questions displayed below) Littleton Books has the following transactions during May. May ? Parchases books on account fron Readers Wholesale for $3,300, terns 1/10, n/30. May 3 Days cash for freight coats of $200 on books purchased from Readers May 5 Returns books with a cost of $400 to Readers because part of the order la incorrect. May 10 Days the fall amount due to Readers. May 30 Bells all books purchased on May 2 (less those returned on May 5) for $4,000 on account. Exercise 6-17 A Part 1 Required: 1. Record the transactions of Littleton Books, assuming the company uses a periodic 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 6 Record cost of inventory sold. MacBook 999 # 3 $ 4 % 5 & 7 2 9 6 8 E W R. . Y U O P S D F G H J. K . U SARAR Record cost of Inventory sold. Note: Enter debits before credits. Dato Debit Credit May 30 General Journal Cost of Goods Sold Inventory 0 2,011 Record entry Clear entry View general journal MacBook Air go FT F3 F4 # 3 2 $ 4 % 5 & 7 6 8 E R. T Y U