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Required information The following information applies to the questions displayed below) Littleton Books has the following transactions during May May 2Purchases books on account from

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Required information The following information applies to the questions displayed below) Littleton Books has the following transactions during May May 2Purchases books on account from Readers Wholesale for $2,500, terms 2/10, n/30. May 3 Pays cash for freight costs of $120 on books purchased from Readers. May 5 Returns books with a cost of $250 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 $3,200 on account. View transaction list Journal entry worksheet 2 3 4 5 6 Record purchase of books on account from Readers Wholesale for $2,500, terms 2/10, n/30 Note: Enter debits before credits General Journal Debit Credit Date May 02 Record entry Clear entry View general journal Journal entry worksheet 3 4 2 5 6 Record payment of cash for freight costs of $120 on books purchased from Readers Note: Enter debit before credits - Date General Journal Debit Credit May 03 Record entry Clear entry View general journal Journal entry worksheet 3 4 5 6 Record return of books with a cost of $250 to Readers because part of the order is incorrect. Note: Enter debits before credits General Journal Date May 05 Debit Credit Record entry Clear entry View general Journal Journal entry worksheet

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