Prepare the journal entries for the transactions below:

Credit terms for all sales on account are 2/10, n/30. Huff Fitness uses a perpetual inventory system and therefore records the cost of merchandise sold as well as the sale.

Apr 10 Issued check #2205 for $175 to Ralph Huff for customer entertainment (charge to Misc Selling Expense).

Apr 10 Sold merchandise on account, Invoice #305, to Gables Gym, $15,237.50. The COGS is $9,752.00.

Apr 11 Received Credit Memo #432 from Fit & Health Products for merchandise returned, $840.00.

Apr 11 Received a check for $300.00 from SupplyMax Supply for return of store supplies that were originally purchased for cash.