On April 6, 2018, Home Furnishings purchased $46,000 of merchandise from Una's Imports, terms 2/10 n/45. On April 8, Home Furnishings returned $9,700 of the merchandise to Una's Imports for credit. Home Furnishings paid cash for the merchandise on April 15, 2018 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 investment 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, 2018? d. Record the payment of the merchandise in Requirement (c) in a horizontal statements. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, NC for net change in cash and NA to indicate the element is not affected by the event. Complete this 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 A Required B Required C Required D Record the events in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for investment 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. (Enter any decreases to account balances and cash outflows with a minus sign. Not every cell will require entry.) Show less HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Assets = Liabilities + Stockholders' Equity Net Retained Merchandise - Accounts. Common Revenue + - Expenses = Income Inventory Payable " Stock Earnings Events Statement of Cash Flows Cach Cash + + + Purchase inventory Return inventory Discount percentage Paid accounts payable + + + + + + 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, 2018? Payment Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Record the payment of the merchandise in Requirement (c) in a horizontal statements. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, NC for net change in cash and NA to indicate the element is not affected by the event. (Enter any decreases to account balances and cash outflows with a minus sign.) Show less HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Assets = Liabilities + Stockholders' Equity Merchandise Accounts Common Retained Revenue - Expenses = Income Inventory P ayable Stock Earnings Events Net Statement of Cash Flows Cash Paid accounts payable
