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Required information [The following information applies to the questions displayed below] Littleton Books has the...

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Accounting

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Required information [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 $2,600, terms 1/10,n/30. Nay 3 Pays cash for freight costs of $130 on books purchased from Readers. Nay 5 Returns books with a cont of $200 to Readers because part of the order is incorrect. May 10 pays the full anount due to Readers. Kay 30 sells all books purchased on May 2 (less those returned on Nay 5 ) for $3,300 on account. 2. Assume that payment to Readers is made on May 24 instead of May 10 . Record this payment. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record payment of the full amount due to Readers. Note: Enter debits before credits

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