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Exercise 5-5 (Static) Record credit purchase and cash payment (LO5-1, 5-2) On March 12, Medical Waste Services provides services on account to Grace Hospital for

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image text in transcribedimage text in transcribed Exercise 5-5 (Static) Record credit purchase and cash payment (LO5-1, 5-2) On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30. Grace does not pay for services until March 31 , missing the 2% sales discount. Required: For Grace Hospital, record the purchase of services on account on March 12 and the payment 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 Grace Hospital, record the purchase of services on account of $11,000 on March 12, with terms 2/10, n/30. Note: Enter debits before credits. Journal entry worksheet Record the payment of cash on March 31 , missing the 2% sales discount. Note: Enter debits before credits

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