Required information Exercise 6-9 (Algo) Record transactions using a perpetual system (LO6-5) [The following information applies to the questions displayed below.] Littieton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $2,700, terss 2/10,n/30. May 3 Pays cash for freight costs of $140 on books purchased from Readers. May 5 Returns books with, a cost of $250 to Readers because part of the order is incorrect. May 10 pays the full amount due to Readers. May 305 sells all books purchased on May 2 (1ess those returned on May 5) for $3,400 on account. Exercise 6-9 (Algo) Part 1 Required: 1. Record the transactions of Littleton Books, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 23466 Record purchase of books on account from Readers Wholesale for $2,700, terms 2/10,n/30. Note: Enter debits before credits. Journal entry worksheet 345 Record payment of cash for freight costs of $140 on books purchased from Readers. Note: Enter debits before credits. Journal entry worksheet 6 Record the return of books with a cost of $250 to Readers because part of the order is incorrect. Note: Enter debits before credits. Journal entry worksheet 6 Record payment of the full amount due to Readers. Note: Enter debits before credits. Journal entry worksheet $3,400 on account. Note: Enter debits before credits. Journal entry worksheet