Exercise 6-9 (Algo) Record transactions using a perpetual system (LO6-5)

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Littleton Books has the following transactions during May.

May 2	Purchases books on account from Readers Wholesale for $4,000, terms 1/10, n/30.
May 3	Pays cash for freight costs of $270 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 $4,700 on account.