20.

Oswego Clay Pipe Company sold $46,700 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 sales discounts. What entry would Oswego make on April 23, assuming the customer made the correct payment on that date? Multiple Choice Cash Sales discounts Accounts receivable Sales discounts forfeited 46,700 467 46,700 467 o Cash Sales discounts Accounts receivable 46,2331 467 46,700 Cash Accounts receivable Sales o 467 o Cash Sales Accounts receivable 46,233 467 46,700