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 Purchases books on account from Readers Wholesale for $3,600, terns 1/10,n/30. May 3 Pays cash for freipht costs of $230 on books purchased froe 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 Hay 2 (less those returned on May 5) for $4,300 on eccount. xercise 6-9 (Algo) Part 1 equired: Record the transactions of Limleton Books, assuming the company uses a perpetual inventory system. (If no entry is required for a ansection/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 23456 Record purchase of books on account from Readers Wholesale for $3,600, terms 1/10,n/30. Neter Enter debits tefore credits. [The following information applies to the questions displayed below.] titteton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $3,600, terms 1/10,n/30. May 3 Pays cash for freight costs of $230 on books purchased fron Readers. May 5 Returns books with a cost of $300 to Readers because part of the order is incorrect. May 18 Pays the full anount due to Readers. May 305 ells all books purchased on May 2 (1ess those returned on May 5) for $4,300 on account. Exercise 6-9 (Algo) Part 1 Required: 1. Record the transactions of Littieton Books, assuming the company uses a perpetual inventory system. (If no entry is required fo transaction/event, select "No Journal Entry Required" in the first account field.)