Oswego Clay Pipe Company sold $46,900 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 cash discounts. What entry would Oswego make on April 23, assuming the customer made the correct payment on that date?

Multiple Choice

• Cash	45,493
  Sales	1,407
  Accounts receivable		46,900

• Cash	46,900
  Sales discounts	1,407
  Accounts receivable		46,900
  Sales discounts forfeited		1,407

• Cash	45,493
  Sales discounts	1,407
  Accounts receivable		46,900

• Cash	46,900
  Accounts receivable		45,493
  Sales		1,407