Required information [The following information applies to the questions displayed below.] Littleton Books has the following transactions during May. May 2 Purchases books on account fron Readers Wholesale for $3,960, terms 2/19, n/se. May 3 Pays cash for freight costs of $260 on books purchased from Readens. May 5 Returns books with a cost of \$4ee to Readers because part of the onden is incorrect. May 18 Pays the full amount doe to Readers. May 30 Sells al1 books purchased on May 2 (less those returned on May 5) for $4,690 an account. Required: 1. Record the transactions of Littleton Books, assuming the company uses a perpetual inyentory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)