Oswego Clay Pipe Company sold $46,800 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 June 10, assuming the customer made the correct payment on that date?

Multiple Choice

• Cash	46,800
  Accounts receivable		45,396
  Sales discounts forfeited		1,404

• Cash	46,800
  Accounts receivable		46,800

• Cash	48,204
  Accounts receivable		46,800
  Sales discounts forfeited		1,404

• Cash	46,800
  Accounts receivable		45,396
  Discounts receivable		1,404