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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 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 statements model. 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 must pay Una 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 a 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 Stkholders' Equity Revenue - Expense- Net Income Statement of Cash Flow Events Cash Inventory Accounts Pavable Common Stock Retained Earnings 1. Pur in 2 Ret in 3 Disc 4. Pd. AP Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D How much must Home pay for the merchandise purchased if the payment is not Payment Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Record the payment in Requirement c in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity and NA to indicate the element is not affected by the event. Enter any decreases to account balances and cash outflows wil HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Assets Liabilities Revenue - Expense Statement of Cash Flow Stkholders' Equity Common Retained Retained Stock Earnings Events Cash - Inventory Accounts Pavable 3. Pd. AP 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 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 statements model. 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 must pay Una 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 a 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 Stkholders' Equity Revenue - Expense- Net Income Statement of Cash Flow Events Cash Inventory Accounts Pavable Common Stock Retained Earnings 1. Pur in 2 Ret in 3 Disc 4. Pd. AP Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D How much must Home pay for the merchandise purchased if the payment is not Payment Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Record the payment in Requirement c in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity and NA to indicate the element is not affected by the event. Enter any decreases to account balances and cash outflows wil HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Assets Liabilities Revenue - Expense Statement of Cash Flow Stkholders' Equity Common Retained Retained Stock Earnings Events Cash - Inventory Accounts Pavable 3. Pd. AP

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