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 tron Readers wholesale for $4,300, terms 2/10,n/30. May 3 Pays cash for freight costs of $300 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 anount due to Readers. May 30 Selts all books purchased on May 2 (less those returned on May 5) for $5,0e0 on account. equired: Record the transactions of Littleton Books, assuming the company uses a perpetual inventory system. (If no entry is required for a ransaction/event, select "No Journal Entry Required" in the first account field.) 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 tron Readers wholesale for $4,300, terms 2/10,n/30. May 3 Pays cash for freight costs of $300 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 anount due to Readers. May 30 Selts all books purchased on May 2 (less those returned on May 5) for $5,0e0 on account. equired: Record the transactions of Littleton Books, assuming the company uses a perpetual inventory system. (If no entry is required for a ransaction/event, select "No Journal Entry Required" in the first account field.)