6-3

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 Purchanes books on account from Readers. Wholesale for $3,500, terms 2/10, n/30. May 3 Pays cash for freight costs of $220 on books purchased fron Readers. May 5 Returns bookn with a cost of $300 to Readers because part of the order is incorrect. Mny 10 pays the full anount due to Readers. May 30 sel1s all books purchased on May 2 (less those returned on May 5 ) for $4,200 on account. Exercise 6-9 (Algo) Part 2 2. Assume that payment to Readers is made on May 24 instead of May 10. Record this payment. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record payment of the full amount due to Readers. Note, Enter debits before credits