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On April 6. Year 1, Home Furnishings purchased $43,000 of merchandise from Una Imports, terms 2/10 n/45. On April 8, Home returned $9,000 of the

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On April 6. Year 1, Home Furnishings purchased $43,000 of merchandise from Una Imports, terms 2/10 n/45. On April 8, Home returned $9,000 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 cin a horizontal financial statements model. What is the amount that Home must pay Una Imports on April 15? Net amount due HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Liabilities Stkholders' Equity Revenue Net Expense Incomo Accounts Common Retained Payable Stock Earnings Assets Statement of Cash Flow Events Cash + Inventory 1 Pur. inv. Retiny 2 ++++ +++ 1+1 3. 4. Disc Pd. AP + + How much must Home pay for the merchandise purchased if the payment is not made until April 20, Year 1? Payment HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Income Statement Assets Llabilities Stkholders' Equity Revenue Expenso Net Income Statement of Cash Flow Events Cash + Inventory Accounts Payablo Common Stock Retained Earnings 3. Pd. AP

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