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Oswego Clay Pipe Company sold $46,900 of pipe to Southeast Water District #45 on April 12 of the current year with terms 2/15, n/60. Oswego
Oswego Clay Pipe Company sold $46,900 of pipe to Southeast Water District #45 on April 12 of the current year with terms 2/15, n/60. Oswego uses the gross method of accounting for sales discounts. What entry would Oswego make on April 12? Multiple Choice Accounts receivable Sales 46,900 45,962 938 Sales discounts Accounts receivable 45,962 Accounts receivable Sales 46,900 45,962 Sales discounts 938 45,962 Accounts receivable Sales discounts Sales 938 46,900 Accounts receivable Sales 45,962 45,962 Accounts receivable Sales 46,900 46,900
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