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grandpa clocks inc is a retailer of wall, mantle and grandfather clocks.Assume GCI sells a grandfather...

grandpa clocks inc is a retailer of wall, mantle and grandfather clocks.Assume GCI sells a grandfather clock for $15,000 cash plus 3 percent tax. the clock had originally cost 11,000. show the accounting equation effects and prepare entries related to the transaction. assume GCI uses a perpetual inventory system.

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sales sales S000 ae uso 1000 stock S0oO USo Cost of geo So00 ansh Sold 330 000 X39

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