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Oswego Clay Pipe Company provides services of $46,000 to Southeast Water Bistrict current year with terms 1/15, n/60. What would Oswego record on April 23, assuming the customer made Che correct payment on that date? on April Cash 46,000

Oswego Clay Pipe Company provides services of $46,000 to Southeast Water Bistrict current year with terms 1/15, n/60. What would Oswego record on April 23, assuming the customer made Che correct payment on that date? on April Cash 46,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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? O Cash 46,000 Accounts Receivable 45,540 Sales Revenue 460 Cash 46,000 Sales Discounts 460 Accounts Receivable 46,000 Interest Revenue 460 Cash 45,540 Sales Discounts 460 Accounts Receivable 46,000 Cash 45,540
Transcribed Image Text: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? O Cash 46,000 Accounts Receivable 45,540 Sales Revenue 460 Cash 46,000 Sales Discounts 460 Accounts Receivable 46,000 Interest Revenue 460 Cash 45,540 Sales Discounts 460 Accounts Receivable 46,000 Cash 45,540
Cash 46,000 Sales Discounts 460 Accounts Receivable 46,000 Interest Revenue 460 Cash 45,540 Sales Discounts 460 Accounts Receivable 46,000 Cash 45,540 Sales Revenue 460 Accounts Receivable 46,000
Transcribed Image Text:Cash 46,000 Sales Discounts 460 Accounts Receivable 46,000 Interest Revenue 460 Cash 45,540 Sales Discounts 460 Accounts Receivable 46,000 Cash 45,540 Sales Revenue 460 Accounts Receivable 46,000
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