On March 12, Medical Waste Services provides services on account to Grace Hospital for $10,500, terms 4/10, n/30. Grace pays for those services on March 20.

Required:

For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for a particular transaction/event, select No Journal Entry Required in the first account field.)

No	Date	General Journal	Debit	Credit
1	March 12	Account Receivable	10,500
		Service Revenue		10,500
2	March 20	Sales Discount
		Cash
				10,500