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 April 23, assuming the customer made the correct payment on that date?
A. Debit - Cash 45,540
Debit - Sales Revenue 460
Credit - Accounts Receivable 46,000
...
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B. Debit - Cash 46,000
Debit - Sales Discounts 460
Credit - Accounts Receivable 46,000
Credit - Interest Revenue 460
...
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C. Debit - Cash 45,540
Debit - Sales Discounts 460
Credit - Accounts Receivable 46,000
...
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D. Cash 46,000
Accounts Receivable 45,540
Sales Revenue 460
...
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Answer: Debit - Cash 45,540
Debit - Sales Discounts 460
Credit - Accounts Receivable 46,000
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Accounting
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