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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
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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