Required Information Exercise 6-9 (Algo) Record transactions using a perpetual system (LO6-5) [The following Information applies to the questions displayed below.] Littleton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $4,000, terms 1/10, n/30. May 3 Pays cash for freight costs of $270 on books purchased 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 amount due to Readers. May 30 Sells all books purchased on May 2 (less those returned on May 5) for $4,700 on account. Exercise 6-9 (Algo) 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 < 1 2 3 4 5 6 Record purchase of books on account from Readers Wholesale for $4,000, terms 1/10, n/30. Note: Enter debits before credits. Date May 02 General Journal Debit Credit Record entry Clear entry View general journal >