Carl, age 46, and monica, age 42, are married and will file a joint return.
they have two children, adriane and robert, whom they will claim as dependents on their joint return.
monica's cousin, michael (age 29), came to live with them in july 2017. michael's gross income was $4,300. monica and carl did not provide over one-half of michael's support for the year but did pay $600 of michael's medical bills in november 2017.
carl was enrolled all year in an hdhp with family coverage.
carl has had an hsa for four years. he has no other health insurance.
in 2017, carl made regular contributions to his hsa totaling $4,000.
in 2017, carl took $1,800 from his hsa to pay the following medical expenses:
$300 to purchase monica's eyeglasses (needed for medical reasons).
$725 for long-term care insurance for carl.
$250 for over-the-counter eye medicine for their son, robert (no prescription from doctor).
$525 for adriane's physical therapy sessions.

on his form 8889, carl can include the $250 paid for robert's over-the-counter eye medicine as a qualifying medical expense for hsa purposes.
a. trueb. false

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya.jan. 3purchased on account 350 widgets for $11 each.b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c.jan. 10purchased on account 625 widgets for $12 each.d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company.e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered.f.jan. 13paid for the purchases made on jan. 3.g.jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h.jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition.i.jan. 25received payment for the sale made on jan. 5.j.jan. 26paid for the purchases made on jan. 10.k.jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."