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Oswego Clay Pipe Company sold $46,100 of pipe to Southeast Water District #45 on April 12 of the current year with t 2/15, n/60.
Oswego Clay Pipe Company sold $46,100 of pipe to Southeast Water District #45 on April 12 of the current year with t 2/15, 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 Accounts receivable Sales Cash Sales discounts Accounts receivable Cash Sales Accounts receivable Cash Sales discounts Accounts receivable Sales discounts forfeited 46.100 45,178 922 45.178 922 45,178 922 46,100 46.100 46.100 922 46,100 922
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