Oswego Clay Pipe Company provides services of $46,000 to Southeast Water District #45 on April 12 of the current year with terms 1/15, n/60. What would Oswego record on June 10, assuming the customer made the correct payment on that date?
A. Debit - Cash 46,000
Credit - Accounts Receivable credit 45,540
Credit - Discounts Receivable credit460
...
--
B. Debit - Cash 46,000
Credit - Accounts Receivable credit 45,540
Credit - Interest Revenue 460
...
--
C.Debit -Cash 46,000
Credit - Accounts Receivable 46,000
...
--
D. Debit - Cash 46,460
Credit - Accounts Receivable 46,000
Credit -Interest Revenue 460
...
--
Answer: Debit -Cash 46,000
Credit - Accounts Receivable 46,000
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.