Question: Required information Exercise 6-9 (Algo) Record transactions using a perpetual system (LO6-5) [The following informonion apolles to the questions displayed below] Littleton Books has the
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Required information Exercise 6-9 (Algo) Record transactions using a perpetual system (LO6-5) [The following informonion apolles to the questions displayed below] Littleton Books has the following transactions during May. Moy I Foys cash for fraight costs of 1140 on books purehased froe headers. 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 transactlon/event, select "No Journal Entry Required" In the first account fleld.) Journal entry worksheet Recerd purchase of beoks on account from Readers Wholesale for $2.700. terms 2/10,n/30. Fuckt fiter debirs belore cresits. Journal entry worksheet Record payment of cash for freight costs of $140 on books purchased from Readers. Note: Enter debits before credits. Journal entry worksheet 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 Record the sale of all book inventory purchased on May 2 (less those returned on May 5) for $3,400 on account. Note: Enter debits before credits. Journal entry worksheet Record cost of inventory sold. Note: Enter debits before credits
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