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 $3,000, terms 3/10, n/30. May 3 Pays cash for freight costs of $170 on books purchased from Readers. May 5 Returns books with a cost of $300 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 $3,780 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 fleld.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record purchase of books on account from Readers Wholesale for $3,000, terms 3/10, n/30. ho Notuntur debts belong Credits General Journal Debit Credit Date May 02 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 $3,000, terms 3/10, n/30. May 3 Pays cash for freight costs of $170 on books purchased from Readers. May 5 Returns books with a cost of $300 to Readers because part of the order is incorrect. May 10 Pays the full amount due to Readers May 3e Sells all books purchased on May 2 (less those returned on May 5) for $3,700 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.) View transaction list Journal entry worksheet Record the cash paid on account. Note: Enter debits before credits General Journal Debit Credit Date May 24