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 $10,400, terms 2/10,n/30. Grace does not pay for services until March 31, missing the 2% 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 Record the service revenue on account. Note: Enter debits before credits. Date General Journal Debit Credit March 12 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the cash received on account. Note: Enter debits before credits. Date General Journal Debit Credit March 31 Record entry Clear entry View general journal