Lake Heart Marina sells boats and other water recreational vehicles (approximately three vehicles are sold each week). The following transactions occurred during the third week of May:

May 15 Sold a \(\$ 1,500\) boat trailer ( \(\$ 760\) cost) to Ed and Jane Peeler, who paid using a personal check.

16 Sold a \(\$ 20,000\) boat ( \(\$ 13,000\) cost) to the Lake Heart Lake Patrol on account, with \(2 / 10\), \(\mathrm{n} / 30\) terms.

18 Sold a \(\$ 2,800\) water scooter ( \(\$ 1,500\) cost) to Bryan Wagner, who used the United Merchants Card to charge the cost of the water scooter. Lake Heart Marina mailed the credit card sales slip to United Merchants the same day. United Merchants will send a check within seven days, net of a three percent fee.

19 Sold a \(\$ 9,000\) fishing boat ( \(\$ 5,000\) cost) to Michael Moffett, who used the Great American Bank Card to pay for the boat. Lake Heart Marina deposited the credit card sales slip the same day and received an immediate credit in the company's checking account, net of a two percent fee.

20 Received payment from the Lake Heart Lake Patrol for the boat purchased on May 16.

21 Received payment from United Merchants for the May 18 transaction.

Required 

Prepare journal entries to record these transactions. The Lake Heart Marina uses a perpetual inventory system.