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Required information (The following information applies to the questions displayed below.) Heines Clocks is a retailer of wall, mantle, and grandfather clocks and is located

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Required information (The following information applies to the questions displayed below.) Heines Clocks is a retailer of wall, mantle, and grandfather clocks and is located in the Empire Mall in Sioux Falls, South Dakota. Assume that a grandfather clock was sold for $18,000 cash plus 3 percent sales tax. The clock had originally cost Heines $14,000 Assume Heines 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

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