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Exercise 5-3 (Algo) Record credit sale and cash collection with a sales discount (LO5-1, 5-2) On March 12, Medical Waste Services provides services on
Exercise 5-3 (Algo) Record credit sale and cash collection with a sales discount (LO5-1, 5-2) On March 12, Medical Waste Services provides services on account to Grace Hospital for $9,200, terms 3/10, 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. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 For Medical Waste Services, record the services on account of $9,200 on March 12, with terms 3/10, n/30. Note: Enter debits before credits. Date: General Journal Debit Credit March 12 Record entry Clear entry View general journal
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