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. 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 financial statements model 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 Requirement in a horizontal financial statements model. Complete this question by entering your answers in the tabs below. Required A Required B Required Required Record the events in a horizontal financial statements model. (In the Cash Flow column, use the initials "OA" for operating activities, "IAfor investment activ decreases to account balances and cash outflows with a minus sign. Not all cells in the Statement of Cash Flows" column may require an input - leave cells b needed.) HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Net Liabilities Sikholders Equity Revenue - Expense Income Accounts Common Retained Payable Stock Earnings Assets Statement of Cash Flow Events Cash Inventory . . 1. Putiny 12 Ret my 3. Disc 4. P. AP . + Required A Required > 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. 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 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 in a horizontal financial statements model Complete this question by entering your answers in the tabs below. Required A Required B Required Required Record the payment in Requirement in a horizontal financial statements model. In the Cash Flow column, use the initials OA" for operating activities, "IA" for investme Tinancing activity. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the Statement of Cash Flows column may require an ini there is no corresponding input needed) HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Net Assets Liabilities Stkholders' Equity Revenue - Expense Statement of Cash Income Flow Accounts Common Retained Events Inventory Payable Stock Earnings 3. Pd. AP Cash
