Record the purchase of services on account on March 12 and a payment of cash on March 31

Exercise 5-5 (Algo) Record credit purchase and cash payment (LO5-1, 5-2) On March 12, Medical Waste Services provides services on account to Grace Hospital for $9,600, terms 4/10, n/30. Grace does not pay for services until March 31 , missing the 4% 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.)