E5-3 On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30, Grace pays for those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. Record credit sale and cash collection (5-1,( 5-2) E5-4 Refer to the information in ES-3, but now assume that Grace does not pay for services until Mareh 31, missing the 2\% sales discount. Flip Side of Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 31. E5-6 On April 25, Foreman Electric installs wiring in a new home for $3,500 on account. However, on Aprit 27 . Foreman's electrical work does not pass inspection, and Foreman grants the customer an allowance of $600 because of the problem. On April 30 , the customer makes full payment of the balance owed. Required: 1. Record the credit sale on April 25. 2. Record the sales allowance on April 27. 3. Record the cash collection on April 30. 4. Calculate net sales reported in the income statement