On march 12, medical waste services provides services on account to grace hospital for $10,000, terms 3/10, n/30. grace does not pay for services until march 31, missing the 3% 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 transaction/event, select "no journal entry required" in the first account field.)

Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.

Discuss ways that oracle could provide client customers with the ability to form better relationships with customers.