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Oswego Clay Pipe Company sold $46,500 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 $46,500 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 12?

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