Help On April 6, Home Furnishings purchased $36,000 of merchandise from Una's Imports, terms 1/10, n/45. On April 8, Home Furnishings returned $7,600 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. Use a horizontal financial 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 activities (OA), investing activities (IA), or financing activities (FA). c. How much must Home Furnishings pay for the merchandise purchased if the payment is not made until April 20? d. Record the payment for the merchandise in Requirement (c) in the horizontal financial statements model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). Complete this question by entering your answers in the tabs below. Required A Required Bequired C Required D What is the amount that Home Furnishings must pay Una's Imports on April 157 Net amount due Required A Required B > < Prev 9 of 11 HH Next > Save & Exit Check On April 6, Home Furnishings purchased $36,000 of merchandise from Una's Imports, terms 1/10, n/45. On April 8, Home Furnishings returned $7,600 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. Use a horizontal financial 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 activities (OA), investing activities (IA), or financing activities (FA). c. How much must Home Furnishings pay for the merchandise purchased if the payment is not made until April 20? d. Record the payment for the merchandise in Requirement (c) in the horizontal financial statements model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). Complete this question by entering your answers in the tabs below. Check my work Required A Required B Required C Required D Use a horizontal financial statements model to show how each event affects the balance sheet, Income statement, and statement of cash flows. More specifically, record t the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), 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. HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Events Assets Liabilities Accounts Stockholders' Equity Common Cash Inventory Payable Stock Retained Earnings Revenue Purchase inventory Retum inventory Record discount Paid accounts payable Income Statement) Statement of Cash Expenses Not Income Flows Help Save & On April 6, Home Furnishings purchased $36,000 of merchandise from Una's Imports, terms 1/10, n/45. On April 8, Home Furnishings returned $7,600 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. Use a horizontal financial 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 activities (OA), investing activities (IA), or financing activities (FA). c. How much must Home Furnishings pay for the merchandise purchased if the payment is not made until April 20? d. Record the payment for the merchandise in Requirement (c) in the horizontal financial statements model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). 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 20? Payment nts Skipped eBook On April 6, Home Furnishings purchased $36,000 of merchandise from Una's Imports, terms 1/10, n/45. On April 8, Home Furnishings returned $7,600 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. Use a horizontal financial 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 activities (OA), Investing activities (IA), or financing activities (FA). c. How much must Home Furnishings pay for the merchandise purchased if the payment is not made until April 20? d. Record the payment for the merchandise in Requirement (c) in the horizontal financial statements model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). ferences Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Record the payment for the merchandise in Requirement (c) in the horizontal financial statements model. Also, in the Statement of Cash Flows column, classify the cas 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. Assets Events Cash Inventory Paid accounts payable HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Liabilities Accounts Payable Stockholders' Equity Common Stock Retained Earnings Revenue Expenses Net Income Statement of Cash Flows