25 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. Part 2 of 2 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 fleld.) 27 points Part 2 of 2 View transaction list 27 points eBook Journal entry worksheet > A B Record the sales revenue of $17,500 plus 6 percent sales tax. Print Note: Enter debits before credits. References Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal Part 2 of 2 View transaction list 27 points eBook Journal entry worksheet < AB Record the cost of goods sold of $13,500. Print Note: Enter debits before credits. References Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal