The following information pertains to Larkspur Solar Panels, Inc.

July	1		Sold $172,000 of solar panels to Crane Company with terms 3/15, n/30. Larkspur uses the gross method to record cash discounts. Larkspur estimates allowances of $1,500 will be honored on this sale.
	12		Sold $92,000 of solar panels to Pronghorn Corp. with terms of 4/10, n/60. Larkspur expects no allowances related to this sale.
	18		Pronghorn Corp. paid Larkspur for its July 12 purchase.
	20		Crane calls to indicate that the panels purchased on July 1 work well, but the color is not quite right. Larkspur grants a credit of $2,100 as compensation.
	29		Crane Company paid Larkspur for its July 1 purchase.
	31		Larkspur expects allowances of $6,660 to be grated in the future related to solar panel sales in July.

Prepare the necessary journal entries for Larkspur.