2 Part 2 of 2 10 points Print Grandpa Clocks, Incorporated (GCI), is a retailer of wall, mantle, and grandfather clocks. Assume GCI sells a grandfather clock for $17,500 cash plus 6 percent sales tax. The clock had originally cost GCI $13,500. Assume GCI uses a perpetual inventory system. 2. Prepare the journal entries related for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A B Record the sales revenue of $17,500 plus 6 percent sales tax. Note: Enter debits before credits. Check my work

Grandpa Clocks, Incorporated (GCD, is a retaler of wal, mantle, and grandfother clocks Assume GCl sells a gratidfathel clock for $17,500 cash plus 6 percent sales tax. The clock had originaly cost 601$13.500 Assume GCl uses a perpetial inventory system Prepare the journal entries related for the above wransactiont (If no entry is roquired for a transection/event, select "No Journal Entry Required" in the firt occount fieid.)