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, , 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 (less those returned on May 5) for $3,400 on account

Required information [The following information applles 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 (less those returned on May \$) for $3,400 on account. Assume that payment to Readers is made on May 24 instead of May 10. Record this payment. (If no entry is required for a ansoction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Journal entry worksheet Record payment of the full amount due to Readers. Note; Enter debits before credits