Exercise $6-9($Algo$)$ Record transactions using a perpetual system $($LO$6-5)$

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$[$The following information applies to the questions displayed below.$]$

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Littleton Books has the following transactions during May.

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May $2$Purchases books on account from Readers Wholesale for $$2,800,$ terms $3/10,$ n$/30.$May $3$Pays cash for freight costs of $$150$ on books purchased from Readers.May $5$Returns books with a cost of $$300$ to Readers because part of the order is incorrect.May $10$Pays the full amount due to Readers.May $30$Sells all books purchased on May $2($less those returned on May $5)$ for $$3,500$ on account.

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Exercise $6-9($Algo$)$ Record transactions using a perpetual system $($LO$6-5)$

$[$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 $\backslash$$$2,800,$ terms $3/10,$ n$/30.$

May $3$ Pays cash for freight costs of $\backslash (\backslash$$ $150\backslash )$ on books purchased from Readers.

May $5$ Returns books with a cost of $\backslash (\backslash$$ $300\backslash )$ 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 $\backslash$$$3,500$ on account.