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On April 6, Year 1, Home Furnishings purchased $32,000 of merchandise from Una Imports, terms 3/10 n/45. On April 8, Home returned $6,700 of the

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On April 6, Year 1, Home Furnishings purchased $32,000 of merchandise from Una Imports, terms 3/10 n/45. On April 8, Home returned $6,700 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 D What is the amount that Home must pay Una Imports on April 15? Not amount due Required B > Required A Required B Required C Required D Record the events in a horizontal financial statements model. (in the Cash Flow column, use the initials "OA" for operating activities, "IA" for decreases to account balances and cash outflows with a minus sign. Not all cells in the Statement of Cash Flows column may require an inp needed.) HOME FURNISHINGS Effect of Events on the Financial Statements Balance Shoot Income Statement Net Liabilities Stkholders' Equity Revenue Expense Income Accounts Common Retained Payable Stock Earnings Assets Statement of Cash Flow Events Cash Inventory 1 Pur. Inv 2 3. Ret. inv. Disc Pd. AP 4. ances Complete this question by entering your answers in the tabs below. Required A Required B Required Required D How much must Home pay for the merchandise purchased if the payment is not made until April 20, Year 1? Payment Required Required D > Check my work Required a. What is the amount oports on April 157 b. Record the events in a mnents 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 D Record the payment in Requirement in a horizontal financial statements model. (In the Cash Flow column, use the initials "OA" for operatin for financing activity. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the "Statement of Cash Fi cells blank if there is no corresponding input needed.) HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Liabilities Sixholders' Equity Revenue - Expense Income Accounts Common Retained Payable Stock Earnings Net Assets Statement of Cash Flow Events Canh + Inventory 3. Pd, AP Required

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