The May transactions of Hanschu Corporation were as follows.

May 4 Paid $700 due for supplies previously purchased on account.
May 7 Performed advisory services on account for $6,800.
May 8 Purchased supplies for $850 on account.
May 9 Purchased equipment for $1,000 in cash.
May 17 Paid employees $530 in cash.
May 22 Received bill for equipment repairs of $900.
May 29 Paid $1,200 for 12 months of insurance policy. Coverage begins June 1.

Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Aiden is 19 years old, unmarried, and was a first-year full-time student working on a degree in accounting during 2018. he has never had a felony drug conviction. aiden did not provide more than half of his own support and can be claimed as a dependent by his mother. aiden’s income was $4,000 in wages working as a part-time cook at a fast food restaurant. aiden received form 1098-t indicating $5,000 for payments received for qualified tuition and related expenses in box 1. he received $8,500 in scholarships and grants, which was reported in box 5. aiden’s scholarship was used to pay for room and board, tuition, and books. the cost of his books was $845. aiden is a u.s. citizen with a valid social security number. 1. which of the following statements is true? a. the portion of the scholarship that was not used for qualified educational expenses must be included in aiden's income. b. the amount spent on books is not a qualified education expense. c. the taxable portion of the scholarship must be reported on aiden's mother’s return. d. none of aiden's scholarship is taxable.