BE5.3 (LO 2) C Novellus Electronics Store uses a perpetual inventory system. The company had the following transactions in March.

Mar. 16 Purchased $15,000 of merchandise from Venus Distributors, terms 2/10, n/30, FOB destination. 18 Novellus Electronics Store received an allowance of $750 for the merchandise purchased on March 16 because of minor damage to the goods.

25 Paid the balance due to Venus Distributors.

For each transaction, (a) prepare a journal entry to record the transaction and (b) indicate the amount that the transaction increased or decreased total assets, total liabilities, and owners equity. Indicate NE (no effect) if the transaction neither increased nor decreased any of these items.