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Exercise 5 - 5 ( Static ) Record credit purchase and cash payment ( LO 5 - 1 , 5 - 2 ) On March
Exercise Static Record credit purchase and cash payment LO
On March Medical Waste Services provides services on account to Grace Hospital for $ terms n Grace does not pay for services until March missing the sales discount.
Required:
For Grace Hospital, record the purchase of services on account on March and the payment of cash on March If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field.
Answer is complete but not entirely correct.
tableNoDate,,General Journal,Debit,CreditMarch Accounts Receivable,Service Revenue,March Cash,Accounts Receivable,
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