Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. oswego clay pipe company sold $45,400 of pipe to s

Oswego Clay Pipe Company sold $45,400 of pipe to Southeast Water District #45 on April...

60.1K

Verified Solution

Question

Accounting

image

Oswego Clay Pipe Company sold $45,400 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. What entry would Oswego make on April 23, assuming the customer made the correct payment on that date? Multiple Choice

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The mouth leads into a short esophagus connected to the saclike cardiac stomach When a...

Biology
Q

Q7 For the circuit shown which of the following state ments is true 1999 S...

Physics
Q

A rigid body consists of 3 particles of masses 3 units 5 units and 2...

Physics
Q

A Chevrolet Sonic Hatchback costs 14 185 00 With a 7 down payment you can...

Statistics
Q

Find the indicated area under the curve of the standard normal distribution then convert it...

Statistics
Q

Prepare a December 31 balance sheet using the following select accounts and amounts

Accounting
Q

Gordons Grocers purchases bread from Buddys Bread Company at $1.45 per loaf. Gordons recently engaged...

Accounting
Q

A lessee with a capital lease containing a bargain purchase option should depreciate the leased...

Accounting
Q

Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours...

Accounting
Q

D Question 3 1 pts Why have stockouts induced by COVID-19 panic buying led to...

Finance
Q

is the band's coupon rate? Suppose a five-year, $1,000 bond with annual coupons has a...

Finance
Q

Which of the following values would most likely interest a shareholder? Select one: a....

Finance