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On April 6, Year 1 Home Furnishings purchased $25,200 of merchandise from Uno 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 Uno 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 Required croq Ired D Record the payment in Requirement in a horizontal statements model. (In the Cash Flow.column, use OA to designate operating activity, IA for investment activity, FA activity and 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 Assets Stkholders' Equity Revenue - Expense Not Income Statement of Cash Flow Cash Events + Inventory Accounts Payable Common Stock Retained Earnings 3. Pd, AP

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