Question: Refer to the information in E54. In E54, On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, terms 2/10,

Refer to the information in E5–4.
In E5–4, 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 Grace Hospital, record the purchase of services on account on March 12 and the payment of cash on March 31.

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