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Requlred information Exerclse 6-9 (Algo) Record transactlons using a perpetual system (LOo-5) [The following information applies to the questions displayed below.] Litweton Books has the

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Requlred information Exerclse 6-9 (Algo) Record transactlons using a perpetual system (LOo-5) [The following information applies to the questions displayed below.] Litweton Books has the following transactions during May. May 2 Purchases books on account from Readers wholesale for $2,990, teras 2/10,a/30. May 1 pays cash for frelght costs of 516e on books purchased froe Readers. May 5 Returns books with a cost of 3250 to fleaders because part of the brjer is incorrect. Hay 10 pays the full anount due to Readers. My 30 Sells al1 books purchased on May 2 (less those returned on May 5) for 33, Ce0 on account. Exercise 6.9 (Algo) Part 2 2. Acsume that payment to Readers is made on May 24 instead of May 10 . Record this payment. (If no entry is required for a transactionievent, select "No Joumal Entry Required" in the first account field.)

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