[the following inforination apples to the questions displdyed belwW] Grandas Clocks. Incorporated ioca, is a reteler of wall, msntfe; and grandfather ciccks. Assume GCl sels a prandibuser clock for 511,500 cash plus 6 percent sales tak. The clock had onigingly cost GCI 57.500 . Assume GCl uses a peipetoil inventary system 2. Prepore the joutnal entries related for the above tsansactions, ai no entry is iequired for a trensection/event, select "No loumbl Entry Required in the first account field