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.

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 c in a horizontal financial statements model.