1) Oswego Clay Pipe Company sold $46,200 of pipe to Southeast Water District #45 on April 12 of the current year with terms 2/15, n/60. Oswego uses the gross method of accounting for sales discounts. What entry would Oswego make on April 23, assuming the customer made the correct payment on that date?

2)

Calistoga Produce estimates bad debt expense at 0.30% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $483,000 and $1,650, respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $324,000 and $300,000, respectively, and $1,860 in accounts receivable were written off. Calistoga's accounts receivable at December 31, 2021, are:

Multiple Choice

• $507,000.

• $505,140.

• $481,140.

• $457,140.