Heines Clocks is a retailer of wall, mantle, and grandfather clocks and is located in...
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Accounting
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 $19,000 cash plus 5 percent sales tax. The clock had originally cost Heines $15,000. Assume Heines uses a perpetual inventory system.
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