Exercise 6-9 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 $2.400, terms 3/10, n/30 May 3 Pays cash for freight costs of $110 on books purchased from Readers. May 5 Returns books with a cost of $200 to Readers becouse port 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 $3,100 on account References Exercise 6-9 Record transactions using a perpetual (LO6 5) Section Break Required: 1. Record the transactions of Litetion Books, assuming the company uses a perpetua inventory system (f no entry is required tor a transactionievent selec View transaction list Journal entry worksheet Purchases books on account from Readers Wholesale for $2.400, terms 3/10, n/30. Note: Enter debits before credits. Date General Journal Debit Credit May 02 Record entry Clear entry View general journal 2. Assume that payment to Readers is made on May 24 instead of May 10 Record this payment. (it no entry is required tor a transaction/event, select "No journal entr View transaction list Journal entry worksheet Record the cash paid on account Note: Entee debts before credits Date May 24 Debit Record entry Clear entry View general journal