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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 2/15, 9/60. Oswego

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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 2/15, 9/60. 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? Mutiple Choice \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Account Title } & \multicolumn{1}{|c|}{ Debit } & Credit \\ \hline Cash & 45,800 & \\ \hline Accounts receivable & & 44,884 \\ \hline Sales & & 916 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Account Title & \multicolumn{1}{|c|}{ Debit } & Credit \\ \hline Cash & 44,884 & \\ \hline Sales & 916 & \\ \hline Accounts receivable & & 45,800 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Account Title } & \multicolumn{1}{|c|}{ Debit } & Credit \\ \hline Cash & 44,884 & \\ \hline Sales discounts & 916 & \\ \hline Aceounts receivable & & 45,800 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Account Title } & \multicolumn{1}{|c|}{ Debit } & Credit \\ \hline Cash & 45,800 & \\ \hline Sales discounts & 916 & \\ \hline Accounts receivable & & 45,800 \\ \hline Sales discounts forfeited & & 916 \\ \hline \end{tabular} Oswego Clay Pipe Company sold $45,800 of pipe to Southeast Water District 45 on April 12 of the current year with terms 2/15, 9/60. 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? Mutiple Choice \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Account Title } & \multicolumn{1}{|c|}{ Debit } & Credit \\ \hline Cash & 45,800 & \\ \hline Accounts receivable & & 44,884 \\ \hline Sales & & 916 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Account Title & \multicolumn{1}{|c|}{ Debit } & Credit \\ \hline Cash & 44,884 & \\ \hline Sales & 916 & \\ \hline Accounts receivable & & 45,800 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Account Title } & \multicolumn{1}{|c|}{ Debit } & Credit \\ \hline Cash & 44,884 & \\ \hline Sales discounts & 916 & \\ \hline Aceounts receivable & & 45,800 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Account Title } & \multicolumn{1}{|c|}{ Debit } & Credit \\ \hline Cash & 45,800 & \\ \hline Sales discounts & 916 & \\ \hline Accounts receivable & & 45,800 \\ \hline Sales discounts forfeited & & 916 \\ \hline \end{tabular}

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