! Required information [The following information applies to the questions displayed below.] Grandpa Clocks, Incorporated (GCI), is a retailer of wall, mantle, and grandfather clocks. Assume GCI sells a grandfather clock for $10,000 cash plus 4 percent sales tax. The clock had originally cost GCI $6,000. 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

Required information [The following information opplies to the questions displayed below] Grandpa Clocks, Incorporated (GCl), is a retailer of wall, mantle, and grandfather clocks. Assume GCl selis a grandfather clock for $10,000 cash plus 4 percent sales tax. The clock had originally cost GCl$6,000. Assume GCl 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.) Journal entry worksheet Record the sales revenue of $10,000 plus 4 percent sales tax, Note: Enter debits before crecies