Exercise 5-3A 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 $10,200, terms 4/10, n/30. Grace pays for those services on March 20. points 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.) > Answer is complete but not entirely correct. No General Journal Credit Date March 12 Debit 10,200 1 Accounts Receivable Service Revenue 10,200 March 20 Cash 9,800 400 Sales Discounts Accounts Receivable 10,200 Exercise 5-4A Record credit sale and cash collection (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 does not pay for services until March 31, missing the 3% sales discount. points Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 31. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete but not entirely correct. No Date General Journal Credit Debit 9,200 March 12 Service Fee Expense Accounts Payable 9,200 March 31 Accounts Payable 9,200 Cash 9,200