Solution-What entry would oswego make on april

What entry would oswego make on april

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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What entry would oswego make on april

Reference no: EM131818671

Reference no: EM131818671

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