On April 6. Home Furnishings purchased $45,000 of merchandise from Una's Imports, terms 1/10, 1/45. On April 8, Home Furnishings returned $9,500 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 cel blank Complete this question by entering your answers in the tabs below. Required A Required Required Required Record the events in a horizontal statements model. In the Cash Flow column, use to designate operating activity, IA for investing activity, FA for financing activity, or 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 in Not all cells require entry) HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Stockholders' Equity Accounts Net Common Retained Revenue Expenses Payable Stock Income Earnings Events Cash Merchandise Inventory Statement of Cash Flows Purchase inventory Return inventory Record discount Pald accounts payable On April 6, Home Furnishings purchased $45,000 of merchandise from Una's Imports, terms 1/10, 1/45. On April 8, Home Furnishings returned $9,500 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, ed ook Complete this question by entering your answers in the tabs below. 0 Required A Required B Required Required erences 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, 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 ca all cells require entry) HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Events Assets - Liabilities Stockholders' Equity Statement of Cash Net Merchandise Accounts Common Retained Revenge Flows Payable Income Stock Earnings Pald accounts payable (Required
