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Oswego Clay Pipe Company sold $47,000 of pipe to Southeast Water District #45 on April 12 of the current year with terms 2/15, n/60

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Oswego Clay Pipe Company sold $47,000 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 47,000 47,000 Accounts receivable 47,000 Sales 46,060 Sales discounts 940

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