On April 6, Home Furnishings purchased $25,200 of merchandise from Una’s Imports, terms 2/10, n/45. On April 8, Home Furnishings returned $2,400 of the merchandise to Una’s Imports for credit. Home Furnishings paid cash for the merchandise on April 15.

Required

a. What is the amount that Home Furnishings must pay Una’s Imports on April 15?

b. Record the events in a horizontal statements model like the following one.

c. How much must Home Furnishings pay for the merchandise purchased if the payment is not made until April 20?

d. Record the payment in event (c) in a horizontal statements model like the previous one.

e. Why would Home Furnishings want to pay for the merchandise by April 15?

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