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the information for the problem is in the second photo X Answer is not complete. Complete this question by entering your answers in the tabs
the information for the problem is in the second photo
X Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Record the events in a horizontal statements model like the following one. (In the Cash Flow column, use OA to designate operating activity, IA for investment ac 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 Assets Liabilities Stkholders' Equity Revenue Expense Net Income S Events Cash + Inventory Accounts Payable Common Stock + Retained Earnings 1. + + + Pur. inv. Ret. inv. 2. + + + = 3. Disc. + + + 4. Pd. AP + + + Required A Required C > On April 6, Year 1, Home Furnishings purchased $35,000 of merchandise from Una Imports, terms 3/10 n/45. On April 8, Home returned $7,400 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 like the following one. 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 c in a horizontal statements model like the one above. X Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D What is the amount that Home must pay Una Imports on April 15? Net amount due $ 26,772 Required A Required B Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D How much must Home pay for the merchandise purchased if the payment is not made until April 20, Year 1? Payment X Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Record the payment in Requirement c in a horizontal statements model like the one above. (In the Cash Flow column, use OA to designate operating activity, IA f for financing 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 Net Assets Liabilities Stkholders' Equity Revenue Expense Income Stater Cast = Events Cash + Inventory Accounts Payable Common Stock + Retained Earnings 3. Pd. AP + = + + = Required C Required DStep by Step Solution
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