On March 12, Medical Waste Services provides services on account to Grace Hospital for $10,300, terms 3/10, n/30. Grace pays for those services on March 20.

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.)

Record the collection of cash on March 20.