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On April 6, Year 1, Home Furnishings purchased $25,200 of merchandise from Una Imports, terms 2/10 n/45. On April 8, Home returned $2.400 of the

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On April 6, Year 1, Home Furnishings purchased $25,200 of merchandise from Una Imports, terms 2/10 n/45. On April 8, Home returned $2.400 of the merchandise to Una Imports for credit. Home paid cash for the merchandise on April 15. Year 1. Required a. What is the amount that Home must pay Una Imports on April 15? b. Record the events in a horizontal statements model like the following one. c. How much must Home pay for the merchandise purchased if the payment is not made until April 20 Year 17 d. Record the payment in Renuine low much must Home pay for the merchandise purchased the payment is not made until April 20. Your 17 Record the payment in Requirement in a horizontal statements model like the one above. Return to Question Answer is not complete. Complete this question by entering your answers in the tabs below. tequired Required Required Required scord the events in a horizontal statements model like the following one. In the Cash Flow column, use OA to designate operating activity, IA for investment activity. A for financing och 10 NA to indicate the element is not affected by the event. Enter any decreases to account balances and cash outflows with a minus sign HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet income Statement Liabilities Seholders Equity Net Revenup Expen Cash Events Accounts Common Retaines Invertory Payable Stock Earnings Pur 25,200 - 25,200 NA iny Rot 2.400 - 2.400 NA iny 456 Disc 456 456 - 456 NA Pd 22344 22,344 2344 OM AP . une tabs below. Required A Required Mewurde Required Record the payment in Requirement en horizontal statements model like the one above (in the Cash Flow column, use A to designate operating city, IA for investment act FA for financing activity and the ment is not affected by the event. Enter any decreases to account balances and cash out with min HOME FURNSHINGS Effect of Events on the Financial Statements Balance Sheet Incomeament Liabilities Sholders' Equity Revenue Expense 3 Net come Pd Account Payable 22.800 Common Stock 22.300 Retained Earnings

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