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 $2,700, terms 2/10, n/30 May 3 Pays cash for freight costs of $140 on books purchased from Readers May 5 Returns books with a cost of $250 to Readers because part of the order is incorrect May 10 Pays the full amount due to Readers May 30 Sells all books purchased on May 2 (ess those returned on May 5) for $3,400 on account 24. Required cions of Lmeton Books, assuming the company uses a perpetual inventory system. (if no entry is n first account field.) Journal entry worksheet Purchases books on account from Readers Wholesale for $2,700, terms 2/10, n/30. Note: Enter debits before credits Type here to search