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Littleton Books has the following transactions during May. May 2 Purchases books on account...

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Accounting

Littleton Books has the following transactions during May.
May 2 Purchases books on account from Readers Wholesale for $3,100, terms 210,n30.
May 3 Pays cash for freight costs of $180 on books purchased from Readers.
May 5 Returns books with a cost of $300 to Readers because part of the order is incorrect.
May 16 Pays the full anount due to Readers.
May 30 Sells all books purchased on May 2(1ess those returned on May 5) for $3,860 on account.
Exerclse 6-9(Algo) Part 1
Required:
Record the transactions of Littleton Books, assuming the company uses a perpetual Inventory system. (ff no entry is requ transaction/event, select "No Journal Entry Required" in the first account field.)
vew trenecetion || thet
\table[[,No,Date,General Journal,Debit,Gredit],[2,1,May 02,Inventory,3,100,],[,,Accounts Payable,,3,100],[,=,,,],[2,2,May 03,Inventory,180,],[,-,Cash,,180],[,5,?bar(an),,],[1,3,May 05,Accounts Payable,300,],[,2,Inventory,,300],[,,,,],[1,4,May 10,Accounts Payable,2,800,],[,,Inventory,,],[,,Cash,,],[x,,,,],[7,5,May 30,Accounts Receivable,3,800,],[,,Sales Revenue,5,3,800],[,,Cost of Goods Sold,,]]
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