Question: Help Save & Exit Submit Oswego Clay Pipe Company sold $45,400 of pipe to Southeast Water District # 45 on April 12 of the current

Help Save & Exit Submit Oswego Clay Pipe Company sold $45,400 of pipe to Southeast Water District # 45 on April 12 of the current year with terms 2/15, n/60. Oswego uses the gross method of accounting for cash discounts What entry would Oswego make on April 12? Multiple Choice Accounts receivable 45,400 Sales 44,492 Sales diacounts 908 Accounts receivable 45.400 45,400 Sales Accounts receivable 44,492 44,492 Sales Accounts receivable Sales discounts 44,492 908 45,400 Sales

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Submit Oswego Clay Pipe Company sold $46.600 of pipe to Southeast Water District #45 on April 12 of the current year with terms 3/15, n/60. Oswego uses the gross method of accounting for cash...

13. On November 10 of the current year, Flores Mills sold carpet to a customer for $7,800 with credit terms 2/10, n/30. Flores uses the gross method of accounting for sales discounts. What is the...

4. Oswego Clay Pipe Company sold $45,600 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....

6. Oswego Clay Pipe Company sold $46,200 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....

5. Oswego Clay Pipe Company sold $45,000 of pipe to Southeast Water District #45 on April 12 of the current year with terms 4/15, n/60. Oswego uses the gross method of accounting for cash discounts....

Oswego Clay Pipe Company sold $45,800 of pipe to Southeast Water District 45 on April 12 of the current year with terms 2/15, 9/60. Oswego uses the gross method of accounting for sales discounts....

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 sales discounts....

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 sales discounts....

Oswego Clay Pipe Company sold $45,500 of pipe to Southeast Water District 45 on April 12 of the current year with terms 3/15. " Oswego uses the gross method of accounting for sales discounts What...

2 points Oswego Clay Pipe Company sold $46,000 of pipe to Southeast Water District 45 on April 12 of the current year with terms 1/10,n/30. Oswego uses the gross method of accounting for sales...

You observe a nova in the Galaxy. Ten years after the eruption you take a spectrum and detect a nova shell expanding at a rate of 1000 km s-1. If the nova has a stellar parallax of 0.0019 arcseconds,...

Go to any of the salary survey sources listed in the Manager's Notebook, "How Much Is a Position Worth in the Marketplace?" and research the salary ranges of four to five positions of your choice....

15. LO.6 On October 30, Cameron determines that his tax for the year will total $10,000. If his employer is scheduled to withhold only $6,500 in Federal income taxes, what can Cameron do to avoid any...

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Prepare effective negative messages for a variety of purposes using the direct plan.

Write different kinds of persuasive messages using the indirect plan.

Distinguish between formal and informal reports.