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Required information {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, terna 2/10, 1/30. May 3. Pays cash for treight costs of $140 on books purchased from Readers. May 5 Returns books with a cont of $250 to Readers because part of the order is incorrect. May 10 Pays the full amount due to Readers May 30 Bells all books purchased on May 2 (less those returned on May 5) for $3,400 on account. 1. Recora the transactions of Littleton Books, assuming the company uses a perpetual inventory system. (Ir no entry is req transaction/event, select "No Journal Entry Required" in the first account field.) View transaction liat Journal entry worksheet 4 Record payment of the full amount due to Readers. Note: Enter debits before credits. Date Dobit Credit May 10 General Journal Accounts Payable Inventory Cash Record entry Clear entry View general Journal 1. Recora the transactions of Littleton Books, assuming the company uses a perpetuai inventory system. (Ir no entry transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1. Kecora the transactions of Litueton Books, assuming the company uses a perpetual inventory system. I no entry is require transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet

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