Littleton books has the following transactions during may. may 2 purchases books on account from readers wholesale for $3,600, terms 1/10, n/30. may 3 pays cash for freight costs of $230 on books purchased from readers. may 5 returns books with a cost of $300 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 $4,300 on account. exercise 6-9a part 2 2. assume that payment to readers is made on may 24 instead of may 10. record this payment.
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Littleton books has the following transactions during may. may 2 purchases books on account from rea...
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