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[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

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[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 $2,800, teras 3/10,n/30. Hay 3 Pays cash for freight costs of $150 on books purchased from Readers. May 5 Returns books with a cost of s3ee to Readers because part of the order is incorrect. May 10 Pays the foll amount due to Readers. May 30 Sells al1 books purchased on May 2 (less thase returned on May 5) for 83,500 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. tronsaction/event, select "No Journal Entry Required" in the first occount field.)

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