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 $3,382, terms 1/10, n/30. May 3 Pays cash for freight costs of $200 on books purchased from Readers. May 5 Returns books with a cost of $400 to Readers because part of the order is incorrect. May 10 Pays the full amount due to Readers. May 3e Sells all books purchased on May 2 (less those returned on May 5) for $4,880 on account. Exercise 6-9 A 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.) View transaction liat Journal entry worksheet 2 3 4 5 6 Record purchase of books on account from Readers Wholesale for $3,300, terms 1/10, n/30. Note: Enter debits before credits. Date General Journal Debit Credit May 02 Record entry Clear entry View general Journal Journal entry worksheet
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