need assist and solve it with all work thanks answer in text Required informationExercise 6-9 (Algo) Record transactions using a perpetual system (LO6-5)[The following information applies to the questions displayed below.]Littleton Books has the following transactions during MayMay 2 Purchases books on account from Readers Wholesale for $2,400, terms 3/10, n/30.May 3 Pays cash for freight costs of $110 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 $3,100 on account.Exercise 6-9 (Algo) Part 1Required:1. Record the transactions of Littleton Books, assuming the company uses a perpetual inventory system. (If no entry is required for atransaction/event, select "No Journal Entry Required" in the first account field.)<123DateMay 02Note: Enter debits before credits.4Record purchase of books on account from Readers Wholesale for $2,400,terms 3/10, n/30.5 6General JournalDebitCredit 5 6Record payment of cash for freight costs of $110 on books purchased fromReaders<1Note: Enter debts before creditsDuteMay 03<<2<Note: Enter debts before creditsDateMay 05213DateMay 30Record the return of books with a cost of $200 to Readers because part of theorder is incorrect.2Neste debesDateMay 103DateMay 302General Journal334Note: Enter det before tRecord cost of inventory soldRecord payment of the full amount due to Readers4General Journal4Record the sale of all book inventory purchaon May 5) for $3,100 on account54General Journal45$General Journal65 6General Journal66Debit CrediDebit Creditd on May 2 (less those returnedDebitDebitCreditCrediCredit

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Description: need assist and solve it with all work thanks answer in text Required informationExercise 6-9 (Algo) Record transactions using a perpetual system (LO6-5)[The following information applies to the questions displayed below.]Littleton Books has the foll

The journal entries are prepared to record the transactions on regular basis. The cost of goods sold…

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Required information Exercise 6-9 (Algo) 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 $2,400, terms 3/10, n/30. May 3 Pays cash for freight costs of $110 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 $3,100 on account. cise 6-9 (Algo) Part 1