August	1		Sold $140,000 of solar panels to Sheridan Company with terms 4/15, n/30. Skysong uses the gross method to record cash discounts. Skysong estimates allowances of $1,500 will be honored on this sale.
	12		Sold $90,000 of solar panels to Grouper Corp. with terms of 5/10, n/60. Skysong expects no allowances related to this sale.
	18		Grouper Corp. paid Skysong for its July 12 purchase.
	20		Sheridan calls to indicate that the panels purchased on July 1 work well, but the color is not quite right. Skysong grants a credit of $2,400 as compensation.
	29		Sheridan Company paid Skysong for its July 1 purchase.
	31		Skysong expects allowances of $7,100 to be grated in the future related to solar panel sales in July.

Prepare the necessary journal entries