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 $3,700, terms 2/10,n/30. May 3 pays cash for freight costs of $240 on books purchased from Readers. May 5 Returns books with a cost of $350 to Readers because part of the order is incorrect. May 30 Sells all books purchased on May 2 (Less those returned on May 5) for $4,400 on account. Exerclse 6.9 (Algo) Part 2 2. Assume that payment to Readers is made on May 24 instead of Moy 10. Record this payment. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record payment of the full amount due to Readers. Note: Enter debits before credits