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Oswego Clay Pipe Company sold $46,000 of pipe to Southeast Water District 45 on April...

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Accounting

Oswego Clay Pipe Company sold $46,000 of pipe to Southeast Water District 45 on April 12 of the current year with terms 110,n30. Oswego uses the gross method of accounting for sales discounts.
What entry would Oswego make on April 18, assuming the customer made the correct payment on that date?
\table[[Account Title,Debit,Credit],[Cash,45,540,],[Sales,460,],[Accounts receivable,,46,000]]
\table[[Account Title,Debit,Credit],[Cash,46,000,],[Accounts receivable,,45,540],[Sales,,460]]
\table[[Account Title,Debit,Credit],[Cash,45,540,],[Sales discounts,460,],[Accounts receivable,,46,000]]
\table[[Account Title,Debit,Credit],[Cash,46,000,],[Sales discounts,460,],[Accounts receivable,,46,000],[Sales discounts forfeited,,460]]
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