On April 6, Home Furnishings purchased $45,000 of merchandise from Una's Imports, terms 1/10, n/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. 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 $ 35,145 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. (Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require entry.) Income Statement = Events HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Liabilities + Stockholders' Equity Accounts Common Retained + Payable Stock Earnings 45,000 + (9,500) + (355) + + Statement of Cash Flows Revenue Expenses Net Income = Cash Assets Merchandise + Inventory 45,000 = (9,500) + + + + = + Purchase inventory Return inventory Record discount Paid accounts payable + = (35,145) + = + + (35,145) OA How much must Home Furnishings pay for the merchandise purchased if the payment is not made until April 20? Assessment Tool iFrame Payment $ 35,500 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. (Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require entry.) Show less Income Statement HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Liabilities Stockholders' Equity Accounts Common Retained Payable Stock Earnings (35,500) + Events Assets Merchandise Inventory Statement of Cash Flows Revenue Net Income Expenses Cash Paid accounts payable (35,500) = (35,500) OA