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Just need answers for parts A and B Exercise 4-5A (Algo) Cash discounts and purchase returns LO 4-2,4-3 On Apali 6, Year 1, Home Furnishings
Just need answers for parts A and B
Exercise 4-5A (Algo) Cash discounts and purchase returns LO 4-2,4-3 On Apali 6, Year 1, Home Furnishings purchased $38,000 of merchandise from Una imports, terms 3/10n/45, On Aprill 8 , Home returned $8,000 of the merchandise to Una Imports. Home paid cash for the merchandise on April 15 , Year 1 Required: 0. What is the amount that Home must pay Una Imports on April 15? b. Record the events in a horizontal financial statements model. c. How much must Home pay for the merchandise purchased if the payment is not made until April 20, Year $? d. Record the payment in Requirement in a horizonted financial statements model. 8 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Phecard the events in a hotizontal financial statements model. feccid the events in a hoilzontal financal staternents moded. Required: a. What is the amount that Home must pay Una Imports on April 15? b. Record the events in a horizontal financial statements model. c. How much must Home pay for the merchandise purchased if the payment is not made until April 20, Year 1 ? d. Record the payment in Requirement cin a horizontal financial statements model, (x) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. What is the amount that Home must pay Una Imports on April 15 Step by Step Solution
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