ezto.mheducation.com Re ee Ce au Ct eae Chapter 6 Homework @ Saved Help Save&Exit Submit 5 Littleton Books has the following transactions during May. ; May 2 Purchases books on account from Readers Wholesale for $3,400, terms 2/10, n/30. points May 3 Pays cash for freight costs of $210 on books purchased from Readers. May 5 Returns books with a cost of $35@ to Readers because part of the order is incorrect. May 1@Pays the full amount due to Readers. a May 30Sells all books purchased on May 2 (less those returned on May 5) for $4,100 on account. eBook Required: @ 1. Record the transactions of Littleton Books, assuming the company uses a periodic inventory system. RE 2. Record the period-end adjusting entry to cost of goods sold on May 31, assuming the company has no beginning or ending inventory. Complete this question by entering your answers in the tabs below. References Required 1 | Required 2 Record the transactions of Littleton Books, assuming the company uses a periodic inventory system. Note: If no entry is required for a transaction or event, select "No Journal Entry Required" in the first account field. SRE Journal entry worksheet Record purchase of books on account from Readers Wholesale for $3,400, terms 2/10, n/30. Note: Enter debits before credits. Fa