Required information [The following information applies to the questions displayed below) Littleton Books has the following transactions during May May 2 Purchases booke on account from Readers wholesale for $3,400, terms 1/10, n/30. May Pays cash for freight costs of $230 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 $4,300 on account. 2. Record the period-end adjustment to cost of goods sold on May 31, assuming the company has no beginning or ending inventory. (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 Record period-end adjustment. Note: Enter debits before credits Date May 31 General Journal Debit Credit Record entry Clear entry View general journal