(Solution)-Oswego Clay Pipe Company sold $46,000 of pipe to Southeast
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7.(TCO 7) Oswego Clay Pipe Company sold $46,000 of pipe to Southeast Water District #45 on April 12 of the current year with terms 1/15, n/60. Oswego uses the gross method of accounting for cash discounts. What entry would Oswego make on April 12? (Points : 6)Cash45,540Sales460Accounts receivable46,000 Cash46,000Sales discounts460Accounts receivable46,000Interest revenue460 Cash45,540Sales discounts460Accounts receivable46,000 Cash46,000Accounts receivable45,540Sales460
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This question was answered on: 10 May, 2025
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