Required Information [The following information applies to the questions displayed below.) A company has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $2,600, terms 1/10, n/30. May 3 Pays cash for freight costs of $130 on books purchased from Readers. May 5 Returns books with a cost 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 $3,300 on account. Required: 1. Record the transactions of the company, 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 1 2 3 4 5 6 Record purchase of books on account from Readers Wholesale for $2,600, terms 1/10, 1/30 Note Enter debts before credits General Journal Debat Credit Date May 02 Required: 1. Record the transactions of the company, 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 1 2 3 4 5 6 Record payment of cash for freight costs of $130 on books purchased from Readers. Note: Enter debits before credits Date General Journal Debit Credit May 03 Record entry Clear entry View general Journal Required: 1. Record the transactions of the company, 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 return of books with a cost of $200 to Readers because part of the order is incorrect. Note: Enter debits before credits General Journal Debit Credit Date May 05 Record entry Clear entry View generalerna Required: 1. Record the transactions of the company, 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 2 3 4 5 6 Record payment of the full amount due to Readers, Note: Enter debits before credits General Journal Debit Credit Date May 10 Record entry Clear entry View general al Required: 1. Record the transactions of the company, 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 1 2 3 4 6 Record the sale of inventory on account. Note Enter debits before credits General Journal Debit Credit Date May 30 Record entry Clear entry Required: 1. Record the transactions of the company, 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 3 4 5 > Record cost of inventory sold. Note: Enter debts before credits General Journal Debit Credit Date May 30 Record Clearn View all