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The fallowing information partains to Windsor Solar Panals, Ine. July 1 Sold $132,000 of solar panels to Wildhorse Company with terms 2/15, n/30. Windsar uses
The fallowing information partains to Windsor Solar Panals, Ine. July 1 Sold $132,000 of solar panels to Wildhorse Company with terms 2/15, n/30. Windsar uses the gross mathod to record cash discounts. Windsor estimates allowances of $1,500 will be hanored on this sale. 12 Sold $93,000 of salar panals to Swifty Corp. with tarms of 3/10,n/60. Windsor expects no allowances ralated to this sale. 18 Swifty Corp. paid Windsor for its July 12 purchase. 20 Wildharse calls to indicate that the panels purchased on July 1 workwell, but the colar is nat quite right. Windsor grants a cradit of $2,300 as compensation. 29 Wrildharsa Company paid Windsar far its July 1 purchase 31 Windsor expects allowances of $4,140 to be grated in the future related to salar panal sales in July. Prepare the necessaryjournal entries for Windsor. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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