Sere 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 $2,300, terms 2/10, 1/30 May 3 Pays Cash for freight costs of $100 on books purchased from Readers May 5 Returns books with a cost of $300 to Reader's because part of the order is incorrect. May 10 Pays the full amount due to Reader's May 30 Sells all books purchased on May 2 (less those returned on May 5) fur 5), 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 field.) View transactions X > Record purchase of books on account from Readers Wholesale for 52.300. terms 2/10. n/30 300 - Record payment of cash for freight costs of $100 on books purchased from Readers. Record return of book with a cost of $300 to Readers because part of the order is incorrect. Credit Record payment of the full amount due to Readers. Record the sale of inventory on account Record cost of inventory mod