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 $18,500 cash plus 4 percent sales tax. The clock had originally cost GCI $14,500. 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 $18,500 plus 4 percent sales tax. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal >