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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 $3,900, tere 2/10, n/30. May Pays cash for freight conta of $260 on books purchased from Readers. May 5 Returns books with a cost of $400 to Readers because part of the order is incorrect. May 10 Pays the full amount due to Readers. May 30 Sells all booke purchased on May 2 (less those returned on May 5) for $4,600 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 transaction llat Journal entry worksheet 1 2 3 4 5 6 Record purchase of books on account from Readers Wholesale for $3,900, terms 2/10, 1/30. 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 transaction list Journal entry worksheet 2 3 4 5 1 6 Record purchase of books on account from Readers Wholesale for $3,900, terms 2/10, 1/30 Note: Enter debit before credits Date General Journal Dobit Credit May 02 Record entry Clear entry View general Journal 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 transaction list Journal entry worksheet

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