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$[$The following information applies to the questions displayed below$]$

The transactions listed below are typical of those involving New Books Incorporated and Readers' Corner. New Books is a wholesale merchandiser and Readers' Corner is a retail merchandiser. Assume all sales of merchandise from New Books to Readers' Corner are made with terms n$/30,$ and the two companies use perpetual inventory systems. Assume the following transactions between the two companies occurred in the order listed during the year ended August $31.$

a$.$ New Books sold merchandise to Readers' Corner at a selling price of $$585,000.$ The merchandise had cost New Books $$429\mathrm{.}000.$

b$.$ Two days later, Readers' Comer complained to New Books that some of the merchandise difforod from what Readers" Comer had ordered. New Books agreed to give an allowance of $$13,500$ to Readers' Comer. Readers' Comer also returned some books, which had cost New Books $$2,700$ and had been sold to Readers' Corner for $$4,200.$ No further returns are expected.

c$.$ Just three days later, Readers' Corner paid New Books, which settled all amounts owed.

Required:

For each of the events $($d$)$ through $($c$),$ indicate the amount and direction of the effect on New Books in terms of the following items. Note: Enter any decreases to account balances with a minus sign.

Answer is complete but not entirely correct.

$\backslash$table$[[$Transaction$,$Sales Revenues,Sales Returns,Sales Allowances,Net Sales,Cost of Goods Sold,Gross Profit$],[$a$.,585,000-,,,585,000,429,000,156,000],[$b$.,,(4,200),(13,500),(17,700),(2,700),(15,000)$