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Required information Exercise 6-9A Record transactions using a perpetual system (L06-5) (The following information applies to the questions displayed below.) Littleton Books has the following

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Required information Exercise 6-9A Record transactions using a perpetual system (L06-5) (The following information applies to the questions displayed below.) Littleton Books has the following transactions during May. May 2 Purchase books on account from Readers Wholenale for $3,900, terms 2/10, n/30. May 3 Pays cash for freight costs of $260 on books purchased from Readers. May 5 Returns books with a cost of $400 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 $4,600 on account. Exercise 6-9A

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