The following information applies to the questions displayed below.
Littleton Books has the following transactions during May.
May Purchases books on account from Readers Wholesale for $ terms
May Pays cash for freight costs of $ on books purchased from Readers.
May Returns books with a cost of $ to Readers because part of the order is incorrect.
May Sells all
ached on May less those returned on May for $ on account.
Required:
Record the transactions of Littleton Books, assuming the company uses a perpetual inventory system. If no entry is requ transactionevent select No Journal Entry Required" in the first account field.
Journal entry worksheet
Record purchase of books on account from Readers Wholesale for $ terms
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditMay
MacBook Pro
