Solution-What entry would oswego make on april

What entry would oswego make on april

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Reference no: EM132584498

Oswego Clay Pipe Company sold $46,100 of pipe to Southeast Water District #45 on April 12 of the current year with terms 4/15, n/60. Oswego uses the gross method of accounting for sales discounts.

Question 1: What entry would Oswego make on April 23, assuming the customer made the correct payment on that date?

Multiple Choice

Option 1: Cash44,256 Sales discounts1,844 Accounts receivable 46,100

Option 2: Cash46,100 Sales discounts1,844 Accounts receivable 46,100Sales discounts forfeited 1,844

Option 3: Cash44,256 Sales1,844 Accounts receivable 46,100

Option 4: Cash46,100 Accounts receivable 44,256Sales 1,844

Reference no: EM132584498

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What entry would oswego make on april

Reference no: EM132584498

Reference no: EM132584498

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