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On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000,...

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Accounting

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On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10, 1/30. 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.) Record the service revenue on account. Note: Enter debits before credits. Debit General Journal Credit Date March 12

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