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Question 20 2 pts Hialeah Pipe Company (HPC) sold $46,000 of pipe to South Florisa Water Managment Distrid on April 12 of the current year

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Question 20 2 pts Hialeah Pipe Company (HPC) sold $46,000 of pipe to South Florisa Water Managment Distrid on April 12 of the current year with terms 1/15, 1/60. HPC uses the gross method of accounting for sale discounts What entry would HPC make on April 12? 45,540 Accounts receivable Sales discounts Sales 460 46,000 46,000 Accounts receivable Sales Sales discounts 45,540 460 46,000 Accounts receivable Sales 46,000 45,540 Accounts receivable Sales 45,540

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