Post ACCOUNTING ACC111 Heines Clocks is a retailer of wall, mantle

Heines Clocks is a retailer of wall, mantle, and grandfather clocks and is positioned within the Empire Mall in Sioux Falls, South Dakota. Assume that a grandfather clock was bought for $19,000 money plus 5 p.c gross sales tax. The clock had initially price Heines $15,000. Assume Heines makes use of a perpetual stock system. How can I do the proper entry for Asset, Legal responsibility and Stockholder’s Fairness?

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