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 tholesale for $2,800, terns 3/10,n/30. May 3 Pays cash for freight costs of $150 on books purchased from Readers. May 5 Returns books with a cost of $300 to Readers because part of the order is incorrect. May 18 Pays the full anount due to Readers. May 3e sel1s al1 books purchased on May 2 (less those returned on May 5 ) for $3,590 on account. 2. Assume that payment to Readers is made on May 24 instead of May 10. Record this payment. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)