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m. Exercise 5-4A Record credit sale and cash collection (LO5-1, 5-2) 0.27 points On March 12, Medical Waste Services provides services on account to Grace

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m. Exercise 5-4A Record credit sale and cash collection (LO5-1, 5-2) 0.27 points 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 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.) eBook View transaction list Hint Journal entry worksheet Print 1 2 > References 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

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