Please help me with this question On April 6, Home Furmishings purchased $25,200 of merchandise from Una's Imports, terms 2/10, n/45. On April 8, Home Furnishingsreturned $2,400 of the merchandise to Una's Imports for credit. Home Fumishings pald cash for the merchandise on April 15.Requireda What Is the amount that Home Furnishings must pay Una's Imports on April 15?b. Record the events In a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA forInvesting activity, FA for financing activity, or NC for net change In cash. If the element Is not affected by the event, leave the cellblank.c. How much must Home Furnishings pay for the merchandise purchased if the payment Is not made until Apnl 20?d. Record the payment of the merchandise In Requirement (C) In a hortzontal statements model. In the Cash Flow column, use OA todesignate operating activity. IA for Investing activity, FA for financing activity, or NC for net change In cash. If the element Is notaffected by the event, leave the cell blank.Complete this question by entering your answers in the tabs below.Required ARequired BRequired CRecRecord the payment of the merchandise in Requirement (c) in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IFFA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. (Enter any decreases to account balancesa minus sign. Not all cells require entry.)HOME FURNISHINGSEffect of Events on the Financial StatementsBalance SheetIncome StatementStockholders' EquityStatement of CashFlows= Liabilities +AccountsPayableAssetsNetRetained RevenueEarningsEventsExpenses =CommonStockIncomeMerchandiseInventoryCashPaid aopounts payable< Required C4 of 13Next >Prev ork (LOs 1,23.4,6,8)On April 6, Home Fumishings purchased $25,200 of merchandise from Una's Imports, terms 2/10, n/45. On April 8. Home Furnishingsretumed $2,400 of the merchandise to Una's Imports for credit. Home Fumishings pald cash for the merchandise on April 15.Requireda. What Is the amount that Home Furnishings must pay Una's Imports on April 15?b. Record the events In a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA forInvesting actvity, FA for financing activity, or NC for net change In cash. If the element Is not affected by the event, leave the cellblank.c. How much must Home Furnishings pay for the merchandise purchased If the payment Is not made until April 20?d. Record the payment of the merchandise In Requirement (C) In a hortzontal statements model. In the Cash Flow column, use OA todesignate operating activity. IA for Investing activity, FA for financing activity, or NC for net change In cash. If the element Is notaffected by the event, leave the cell blank.Complete this question by entering your answers in the tabs below.Required ARequired Required CRequired DRecord the events in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for investing activity, FA for financing actichange in cash. If the element is not affected by the event, leave the cell blank. (Enter any decreases to account balances and cash outflows with a minus sign. NoHOME FURNISHINGSEffect of Events on the Financial StatementsBalance SheetIncome StatementStockholders EquityStatement of Cash= Liabilities +AccountsPayableAssetsNetFlowsRetained RevenueEarningsEventsExpenses =CommonStockMerchandiseIncomeCashInventoryPurchase inventoryReturn inventonyRecord discountPaid accounts payable< Required ARequired C >< Prev4 of 13Next >

The given events are recorded as follows

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. In the Cash Flow column, use OA to designate operating activity, IA for Investing activity, FA for financing activity, or NC for net change In cash. If the element Is not affected by the event, leave the cell blank. c. How much must Home Furnishings pay for the merchandise purchased if the payment Is not made until April 20? d. Record the payment of the merchandise In Requirement (C) designate operating activity. IA for Investing activity, FA for financing activity, or NC for net change In cash. If the element Is not affected by the event, leave the cell blank. a hortzontal statements model. In the Cash Flow column, use OA to

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. In the Cash Flow column, use OA to designate operating activity, IA for Investing activity, FA for financing activity, or NC for net change In cash. If the element Is not affected by the event, leave the cell blank. c. How much must Home Furnishings pay for the merchandise purchased if the payment Is not made until April 20? d. Record the payment of the merchandise In Requirement (C) designate operating activity. IA for Investing activity, FA for financing activity, or NC for net change In cash. If the element Is not affected by the event, leave the cell blank. a hortzontal statements model. In the Cash Flow column, use OA to

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3PB: Review the following transactions, and prepare any necessary journal entries for Sewing Masters Inc....

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