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 $9,600, terms 4/10,n/30. Grace does not pay for services until March 31 , missing the 4% 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.) Journal entry worksheet For Medical Waste Services, record the service on account of $9,600 on March 12 , with terms 4/10, n/30. Note: Eneer debts befure credas. 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 $9,600, terms 4/40, n/30. Grace does not pay for services until March 31 , missing the 4% sales discount. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 31 . (ff no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the collection of cash on March 31. Note: Enter debis before eneva