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Exercise 6-9 (Algo) Record transactions using a perpetual system (LO6-5)

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Littleton Books has the following transactions during May.

May 2 Purchases books on account from Readers Wholesale for $2,900, terms 2/10, n/30.
May 3 Pays cash for freight costs of $160 on books purchased from Readers.
May 5 Returns books with a cost of $250 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 $3,600 on account.
Exercise 6-9 (Algo) 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.)