Question: Required information Exercise 6-9A Record transactions using a perpetual system (L06-5) (The following information applies to the questions displayed below] Littleton Books has the following
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Required information Exercise 6-9A Record transactions using a perpetual system (L06-5) (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 $2,500, terms 2/10, n/30 May 3 Pays cash for freight costs of $120 on books purchased from Readers May 5 Returns books with a cost of $250 to Reader's because part of the order is incorrect. May 10 Pays the full amount due to Readers. May 30 Sells all books purchased on May 2 (less those returned on May 5) for $3,200 on account. Exercise 6-9A Part 1 View transaction list Journal entry worksheet Record purchase of books on account from Readers Wholesale for $2,500, terms 2/10, n/30. Note: Enter debits before credits. General Journal Debit Credit Dato May 02 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record payment of cash for freight costs of $120 on books purchased from Readers Note: Enter debits before credits. View transaction list Journal entry worksheet Record return of books with a cost of $250 to Readers because part of the order is incorrect. Note: Enter debits before credits Date General Journal Debit Credit May 05 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record payment of the full amount due to Readers. Note: Enter debits before credits. Date General Journal Debit Credit May 10 Record entry Clear entry View general journal
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