Required information [The following information applies to the questions displayed below.] Grandpa Clocks, Incorporated (GCl), is a retailer of wall, mantle, and grandfather clocks. Assume GCl sells a grandfather clock for $18,000 cash plus 3 percent sales tax. The clock had originally cost GCl$14,000. Assume GCl uses a perpetual inventory system. . 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 $18,000 plus 3 percent sales tax. Journal entry worksheet Record the sales revenue of $18,000 plus 3 percent sales tax. Note: Enter debits before credits. Journal entry worksheet Record the cost of goods sold of $14,000. Note: Enter debits before credits