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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

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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 $9,800, terms 3/10, 1/30. 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 Record the service revenue on account. Note: Enter debits before credits. General Journal Debit Date Credit March 12 Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry i required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the cash received on account. Note: Enter debits before credits. Date General Journal Debit Credit March 20 Record entry Clear entry View general Journal

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