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On April 6, Year 1, Home Furnishings purchased $25,200 of merchandise from Una imports, terms 20 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 20 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 12 d. Record the payment in Requirement in a horizontal statements model Complete this question by entering your answers in the tabs below. Required Required Required Required Record the events in a horizontal statements model in the Cash Flow column, ese A to designate operating activity, IA for investment activity, O FA for Financing activ decreases to account balances and cash outflows with a minus sign) HOME FURNISHINGS Effect of Events on the Francial Statements Balance Sheet Income Statement Assets Liabiti Sokholders' Equity Revenue - Expense Net Income Statement of Cash Flow Accounts Events Cash Inventory Payable Common Stock Retained Earnings 1. Putin 12 Ret hy 3 Disc 4. Pd. AP + + + +

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