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Mandalorian Metal Company sold $46,400 of steel to Jango Fett on April 12 of the current year with terms 3/15, 1/60. Mandalorian Metal uses the
Mandalorian Metal Company sold $46,400 of steel to Jango Fett on April 12 of the current year with terms 3/15, 1/60. Mandalorian Metal uses the gross method of accounting for sales discounts. What entry would Mandalorian make on April 23, assuming the customer made the correct payment on that date? Multiple Choice Cash Sales discounts Accounts receivable 45,008 1,392 46,400 Cash Accounts receivable Sales 46,400 145,008 1,392 Cash Sales Accounts receivable 45,808 1,392 146,400 Cash Sales discounts Accounts receivable Sales discounts forfeited 146,400 1,392 46,400 1,392
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