MC Qu. 45 Oswego Clay Pipe Company sold...

Oswego Clay Pipe Company sold $45,600 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?

Multiple Choice

• Accounts receivable	45,144
  Sales discounts	456
  Sales		45,600

• Accounts receivable	45,144
  Sales		45,144

• Accounts receivable	45,600
  Sales		45,600

• Accounts receivable	45,600
  Sales		45,144
  Sales discounts		456