Required information Exercise 6-9A 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 $3,800, terms 2/10, n/30. May 3 Pays cash for freight costs of $250 on books purchased from Readers. May 5 Returns books with a cost of $200 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 May 2 (less those returned on May 5) for $4,500 on account. 1 Record purchase of books on account from Readers Wholesale for $3,800, terms 2/10, n/30. 800 2 Record payment of cash for freight costs of $250 on books purchased from Readers. 3 Record return of books with a cost of $200 to Readers because part of the order is incorrect. Cr 4 Record payment of the full amount due to Readers. 5 Record the sale of inventory on account. 6 Record cost of inventory sold