UgI GSS Your answer is partially correct. The following information pertains to Larkspur Solar Panels, Inc. July 1 12 18 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. Sold $92,000 of solar panels to Pronghorn Corp.with terms of 4/10,n/60. Larkspur expects no allowances related to this sale. Pronghorn Corp. paid Larkspur for its July 12 purchase. 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. Crane Company paid Larkspur for its July 1 purchase. Larkspur expects allowances of $6,660 to be grated in the future related to solar panel sales in July. 20 29 31 Prepare the necessary journal entries for Larkspur. (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 O for the amounts.) Credit Date Debit Account Titles and Explanation 172000 Accounts Receivable July 1 Sales Revenue 172000 Ona 729 O BE 31 Question 3 of 4 0.44/2.5 and enter for the amounts) Date Debit Credit July 172000 Account Titles and Explanation Accounts Receivable Sales Revenue Accounts Receivable 172000 July 12 92000 Sales Revenue 92000 July 18 Cash Allowance for Doubtful Accounts Accounts Receivable July 20 ch O C ED