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
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B. Debit - Cash 46,000
Credit - Accounts Receivable credit 45,540
Credit - Interest Revenue 460
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C.Debit -Cash 46,000
Credit - Accounts Receivable 46,000
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D. Debit - Cash 46,460
Credit - Accounts Receivable 46,000
Credit -Interest Revenue 460
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Answer: Debit -Cash 46,000
Credit - Accounts Receivable 46,000
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Accounting
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