Exercise 3-6A (Algo) Purchase discounts and purchase returns LO 3-2, 3-3 On Aprll 6, Home Furnishings purchased $45,000 of merchandise from Una's Imports, terms 1/10,n/45. On Aprll 8 , Home Furnishings returned $9,500 of the merchandise to Una's Imports for credit. Home FurnIshings pald cash for the merchandise on Aprll 15. Requlred: a. What is the amount that Home Furnishings must pay Una's Imports on Aprll 15? b. Use a horlzontal financlal statements model to show how each event affects the balance sheet, Income statement, and statement of cash flows. More speclfically, record the amounts of the events Into the model. Also, In the Statement of Cash Flows column, classify the cash flows as operating activitles (OA), Investing actlvitles (IA), or financing activitles (FA). c. How much must Home Furnishings pay for the merchandise purchased If the payment Is not made untll Aprll 20 ? d. Record the payment for the merchandise In Requirement (c) In the horizontal financlal statements model. Also, In the Statement of Cash Flows column, classlfy the cash flows as operating actlvitles (OA), Investing actlvitles (IA), or financing actlvitles (FA). Complete this question by entering your answers in the tabs below. investing activities (IA), or financing activities (FA). Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed. Exercise 3-6A (Algo) Purchase discounts and purchase returns LO 3-2, 3-3 On Aprll 6, Home Furnishings purchased $45,000 of merchandise from Una's Imports, terms 1/10, n/45. On Aprll 8, Home Furnishings returned $9,500 of the merchandise to Una's Imports for credit. Home Furnishings pald cash for the merchandise on April 15. Requlred: a. What is the amount that Home Furnishings must pay Una's Imports on Aprll 15? b. Use a horlzontal financlal statements model to show how each event affects the balance sheet, Income statement, and statement of cash flows. More specifically, record the amounts of the events Into the model. Also, In the Statement of Cash Flows column, classify the cash flows as operating activitles (OA), Investing actlvitles (IA), or financing actlvitles (FA). c. How much must Home Furnishings pay for the merchandise purchased if the payment is not made untll Aprll 20? d. Record the payment for the merchandise in Requirement (c) In the horlzontal financlal statements model. Also, In the Statement of Cash Flows column, classify the cash flows as operating actlvitles (OA), Investing actlvitles (IA), or financing actlvitles (FA). Complete this question by entering your answers in the tabs below. How much must Home Furnishings pay for the merchandise purchased if the payment is not made until April 20 ? Exercise 3-6A (Algo) Purchase discounts and purchase returns LO 3-2, 3-3 On Aprll 6, Home Furnishings purchased $45,000 of merchandise from Una's Imports, terms 1/10,n/45. On Aprll 8, Home Furnishings returned $9,500 of the merchandise to Una's Imports for credit. Home Furnishings pald cash for the merchandise on Aprll 15. Required: a. What is the amount that Home Furnishings must pay Una's Imports on Aprll 15? b. Use a horlzontal financlal statements model to show how each event affects the balance sheet, Income statement, and statement of cash flows. More specifically, record the amounts of the events Into the model. Also, In the Statement of Cash Flows column, classify the cash flows as operating actlvitles (OA), Investing actlvitles (IA), or financing activitles (FA). c. How much must Home Furnishngs pay for the merchandise purchased If the payment is not made untll Aprll 20 ? d. Record the payment for the merchandise in Requirement (c) In the horlzontal financlal statements model. Also, In the Statement of Cash Flows column, classify the cash flows as operating actlvitles (OA), Investing actlvitles (IA), or financing actlvitles (FA). Complete this question by entering your answers in the tabs below. What is the amount that Home Furnishings must pay Una's Imports on April 15? Exercise 3-6A (Algo) Purchase discounts and purchase returns LO 3-2, 3-3 On Aprll 6, Home Furnishings purchased $45,000 of merchandise from Una's Imports, terms 1/10, n/45. On Aprll 8, Home Furnishings returned $9,500 of the merchandise to Una's Imports for credit. Home Furnishings pald cash for the merchandise on Aprll 15. Required: a. What is the amount that Home Furnishings must pay Una's Imports on Aprll 15? b. Use a horlzontal financlal statements model to show how each event affects the balance sheet, Income statement, and statement of cash flows. More specifically, record the amounts of the events Into the model. Also, In the Statement of Cash Flows column, classify the cash flows as operating actlvitles (OA), Investing actlvitles (IA), or financing activitles (FA). c. How much must Home Furnishings pay for the merchandise purchased If the payment Is not made untll Aprll 20 ? d. Record the payment for the merchandise In Requirement (c) In the horizontal financlal statements model. Also, In the Statement of Cash Flows column, classlfy the cash flows as operating actlvitles (OA), Investing actlvitles (IA), or financing actlvitles (FA). Complete this question by entering your answers in the tabs below. Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed