0 Required Information Exercise 6-9 (Algo) Record transactions using a perpetual system (LO6-5) [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/10. 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 10 Sells all books purchased on May 2 (less those returned on May 5) for $3,400 on account. Exercise 6-9 (Algo) Part 1 Exercise 6-9 (Algo) Part 1 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 list Journal entry worksheet 1 2 3 4 5 6 Record purchase of books on account from Readers Wholesale for $2,700, terms 2/10, n/30. Note Enter debits before credits Date May 02 General Joumat Debit Credit View transaction list Journal entry worksheet < 1 2 3 4 5 6 Record payment of cash for freight costs of $140 on books purchased from Readers. Note: Enter debits before credits. Date May 03 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 4 5 6 Record the return of books with a cost of $250 to Readers because part of the order is incorrect. Note: Enter debits before credits. Date May 05 General Journal Debit Credit Clear entry View general journal Record entry View transaction list Journal entry worksheet < 1 2 3 5 6 Record payment of the full amount due to Readers. Note: Enter debits before credits. Date May 10 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 6 Record the sale of all book inventory purchased on May 2 (less those returned on May 5) for $3,400 on account. Note: Enter debits before credits. Date May 30 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet < 1 1 2 3 Record cost of inventory sold. Note: Enter debits before credits. Date May 30 5 JHR General Journal Debit Credit Record entry Clear entry View general journal >