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 $3,500, terms 2/10,n/30. May 3 Pays cash for freight costs of $220 on books purchased fron 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 Selis all books purchased on May 2 (less those returned on May 5) for $4,200 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 ransaction/event, select "No Journal Entry Required" in the first account field.)