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On April 6 , Year 1 , Home Furnishings purchased $ 2 5 , 2 0 0 of merchandise from Una Imports, terms 2 1
On April Year Home Furnishings purchased $ of merchandise from Una Imports, terms On April Home returned $ of the merchandise to Una Imports. Home paid cash for the merchandise on April Year
Required:
a What is the amount that Home must pay Una Imports on April
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 Year
d Record the payment in Requirement in a horizontal financial statements model.
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What is the amount that Home must pay Una Imports on April
Net amount due
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