July 1 12 to this sale 18 Sold $178,000 of solar panels to Oriole Company with terms 4/15,n/30. Sage Hill uses the gross method to record cash discounts. Sage Hillestimates allowances of $1,500 will be honored on this sale. Sold $85,000 of solar panels to Sheffield Corp, with terms of 5/10,1/60, Sage Hill expects no allowances related Sheffield Corp. paid Sage Hill for its July 12 purchase Oriole calls to indicate that the panels purchased on July 1 work well, but the color is not quite right. Sage Hill grants a credit of $2,300 as compensation Oriole Company paid Sage Hill for its July 1 purchase Sage Hill expects allowances of $8,620 to be grated in the future related to solar panel sales in July, 20 29 31