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Required Information [The following information applies to the questions displayed below] Meines Clocks is a retailer of wall, mantie, and grandfather clocks and is located

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Required Information [The following information applies to the questions displayed below] Meines Clocks is a retailer of wall, mantie, and grandfather clocks and is located in the Empire Mall in Sioux Falls, South Dakota. Assume that a grandfather clock was sold for $13.500 cash plus 4 percent sales tax the clock had originally cost Heines $9,500 Assume Heines uses a perpetual inventory system 1. Indicate the effects of the amounts for the above transactions inter any dech to account balances with a minus sign.) Assets Stockholders' Equity

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