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4 10 points ebook Print References On April 6, Home Furnishings purchased $32,000 of merchandise from Una's Imports, terms 3/10, n/45. On April 8, Home
4 10 points ebook Print References On April 6, Home Furnishings purchased $32,000 of merchandise from Una's Imports, terms 3/10, n/45. On April 8, Home Furnishings returned $6,700 of the merchandise to Una's Imports for credit. Home Furnishings paid cash for the merchandise on April 15. Required a. What is the amount that Home Furnishings must pay Una's Imports on April 15? b. Record the events in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for investing activity, FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. c. How much must Home Furnishings pay for the merchandise purchased if the payment is not made until April 20? d. Record the payment of the merchandise in Requirement (c) in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for investing activity, FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. Complet question by entering your answers in the tabs below. Required A Required B Required C Required D What is the amount that Home Furnishings must pay Una's Imports on April 15? Net amount due Required B > ces Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Check Record the events in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for investing activity, FA for financin If the element is not affected by the event, leave the cell blank. (Enter any decreases to account balances and cash outflows with a minus sign. Not all cells r HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Events Assets Cash Merchandise Inventory Liabilities Accounts Payable Stockholders' Equity Statement of Common Stock Revenue Retained Earnings Expenses Net Income Cash Flows Purchase inventory Return inventory + Record discount Paid accounts payable ook ences: a. What is the amount that Home Furnishings must pay Una's Imports on April 15? b. Record the events in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for investing activity, FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. c. How much must Home Furnishings pay for the merchandise purchased if the payment is not made until April 20? d. Record the payment of the merchandise in Requirement (c) in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for investing activity, FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D How much must Home Furnishings pay for the merchandise purchased if the payment is not made until April 207 Payment Required B Required D > ces Required A Required B Required C Required D Ch Record the payment of the merchandise in Requirement (c) in a horizontal statements model. In the Cash Flow column, use OA to designate operating acti financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. (Enter any decreases to account balances all cells require entry.) HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Events Assets Liabilities + Stockholders' Equity Statement of Merchandise Accounts Cash Inventory Payable Common Stock Retained Earnings Revenue Expenses Net Income Cash Flows Paid accounts payable
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