E6-18 Determining the Effects of Credit Sales, Sales Discounts, and Sales Returnsa Rockland Shoe Company records Sales Returns and Allowances and Sales Discounts as contra revenues Complete the following table, indicating the amount of each transaction on each item reported in Rockland's income statement prepared for internal use. Be sure to total the effects. (Enter any dcreases to account balances with a minus sign.) July 12 Rockland sold merchandise to Kristina Zee at its factory store. Kristina paid for the $650 purchase in cash. The goods cost Rockland $370 Rockland's cost was $3,700 Rockland's cost was $1,550 August. The returned shoes were in perfect condition and had cost Rockland $950 15 Sold merchandise to Shoe Express at a selling price of $6,500, with terms 3/10, n/30. 20 Collected cash due from Shoe Express 21 Sold merchandise to Fleet Foot Co. at a selling price of $2,700, with terms 2/10, n/30 23 Fleet Foot Co. returned $1,700 of shoes and promised to pay for the remaining goods in Transaction July 12 July 15 July 20July 21 July 23 Totals Sales Revenues