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What entry would oswego make on april

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Reference no: EM131818671

Oswego Clay Pipe Company sold $46,000 of pipe to Southeast Water District #45 on April 12 of the current year with terms 1/15, n/60. Oswego uses the gross method of accounting for cash discounts. What entry would Oswego make on April 12? (Points : 6)

Cash

45,540

 

Sales

460

 

Accounts receivable

 

46,000

Cash

46,000

 

Sales discounts

460

 

Accounts receivable

 

46,000

Interest revenue

 

460

 

Cash

45,540

 

Sales discounts

460

 

Accounts receivable

 

46,000

 

Cash

46,000

 

Accounts receivable

 

45,540

Sales

 

460

Reference no: EM131818671

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