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On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, n/30. Grace pays for those services on March
On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, 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.) The Giles Agency offers a 8% trade discount when providing advertising services of $1,000 or more to its customers Audrey's Antiques decides to purchase advertising services of $1.500 (not including the trade discount), while Michael's Motors purchases only $500 of advertising Both services are provided on account Record both transactions for The Giles Agency, accounting for any trade discounts (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
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