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Oswego Clay Pipe Company sold $46,000 of pipe to Southeast Water District #45 on April 12 of the current year with terms 1/15, n/60. Oswego

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Oswego Clay Pipe Company sold $46,000 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? Cash 45,540 O ales 460 Accounts receivable 46,000 Cash 46,000 Sales discounts 460 o Accounts receivable 46.000 Sales discounts forfeited 660 Cash 45540 Sales 460 Accounts receivable 46,000 Cash 46,000 Sales discounts 460 Accounts receivable 46,000 Sales discounts forfeited 460 Cash 45,540 Sales discounts 460 Accounts receivable 46,000 Cash 46,000 Accounts receivable 45,540 Sales 460

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