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Current Attempt in Progress Your answer is partially correct. The following information pertains to Lucas Solar Panels July 1 Sold 150,000 of solar panels to Harrison Limited with terms 2/15,1/30. Lucas uses the gross method to record cash discounts. Lucas estimates allowances of 1,500 will be honored on this sale. Sold 87,000 of solar panels to Fisher Associates with terms of 3/10,n/60. Lucas expects no allowances related to this sale. 12 18 Fisher paid Lucas for its July 12 purchase. 20 Harrison calls to indicate that the panels purchased on July 1 work well, but the color is not quite right. Lucas grants a credit of 2,000 as compensation. 29 Harrison paid Lucas for its July 1 purchase. 31 Lucas expects allowances of 4,500 to be grated in the future related to solar panel sales in July. Prepare the necessary journal entries for Lucas. (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 for the amounts.) Date Account Titles and Explanation Debit Credit uly 1 Accounts Receivable 150000 Sales Revenue 150000 112 v ily 12 Accounts Receivable 87000 Sales Revenue 87000 y 18 Cash 84390 Sales Discounts 2610 Accounts Receivable 87000 uly 20 Sales Returns and Allowances 2000 Accounts Receivable 2000 uly 29 Cash 148000 Accounts Receivable 148000 ily 31 7 Sales Returns and Allowances 4500 Allowance for Sales Returns and Allowances 4500 Toutbool and Media

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