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Exercise 5-4 (Algo) Record credit sale and cash collection (LO5-1, 5-2) On March 12, Medical Waste Services provides services on account to Grace Hospital

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Exercise 5-4 (Algo) Record credit sale and cash collection (LO5-1, 5-2) On March 12, Medical Waste Services provides services on account to Grace Hospital for $10,000, terms 3/10, n/30. Grace does not pay for services until March 31, missing the 3% sales discount. 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.) View transaction list Journal entry worksheet 1 2 For Medical Waste Services, record the service on account of $10,000 on March 12, with terms 3/10, n/30. < Prev 2 of 11 Next > 7

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