P Inc. sold $45,200 of electric cables to its customer on April 12 of the current year with terms 1/15, n/60. P Inc. uses the net method of accounting for sales discounts. What entry would P Inc. make on June 10, assuming the customer made the correct payment on that date?

Multiple Choice

• Cash	45,652
  Accounts receivable		45,200
  Sales discounts forfeited		452

• Cash	45,200
  Accounts receivable		44,748
  Sales discounts forfeited		452

• Cash	45,200
  Accounts receivable		45,200

• Cash	45,200
  Accounts receivable		44,748
  Discounts receivable		452