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Oswego Clay Pipe Company sold $45,800 of pipe to Southeast Water District #45 on April 12 of the current year with terms 3/15, n/60. Oswego

Oswego Clay Pipe Company sold $45,800 of pipe to Southeast Water District #45 on April 12 of the current year with terms 3/15, 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 45,800 1,374 45,800 1,374 Cash 45,800 Accounts receivable 44,426 Sales 1,374 Cash Sales discounts Accounts receivable Cash Sales Accounts receivable 44,426 1,374 44,426 1,374 45,800 45,800

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