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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

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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 from Readers Wholesale for $2,400, terma 3/10, n/30. May 3 Pays cash for freight coats of $110 on books purchased from Readers. May 5 Returns books with a coat of $200 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 $3,100 on account. 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 Record the sale of inventory on account. Note: Enter debits before credits Debit Credit Date May 30 General Journal Accounts Receivable Sales Revenue Views

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