Morgan, Inc. uses a perpetual inventory system and the net method of recording purchases. On May 12, a merchandise purchase of $20,600 was made on credit, 3/10, n/30.

The journal entry to record this purchase is:

a. Merchandise Inventory 20,600 Accounts Payable 20,600

b. Accounts Payable 20,600 Merchandise Inventory 20,600

c. Purchases 20,600 Accounts Payable 20,600

d. Purchases 19,982 Accounts Payable 19,982

e. Merchandise Inventory 19,982 Accounts Payable 19,982

Which of the following correctly describes the accounting for indirect labor costs? indirect labor costs are product costs and are expensed as incurred. indirect labor costs are period costs and are expensed when the manufactured product is sold. indirect labor costs are period costs and are expensed as incurred. indirect labor costs are product costs and are expensed when the manufactured product is sold.

What should a food worker use to retrieve ice from an ice machine?

Mai and chuck have been divorced since 2012. they have three boys, ages 6, 8, and 10. all of the boys live with mai and she receives child support from chuck. mai and chuck both work and the boys need child care before and after school. te boys attend the fun house day care center and mai paid them $2,000 and chuck paid them $3,000. mai's agi is $18,000 and chuck's is $29,000. mai will claim two of the boys as dependents. she signed form 8332 which allows chuck to claim one of the boys. who can take the child and dependent care credit?