Assignon Apt 6, Home Furmtshings purchased $25,200 of mechandise from Una's Imports, terms 2/10, n/45. On April 8, Horne Furntshtngsed $2,400 of the merchandise to Una's Imports for credit Home Fumishings pald cash for the merchandise on April 15.RequiredWhat ts the amount that Home Furnishings must pay Una's Imports on April 15?Record the events In a hortzontal 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 cellblankHow much must Home Furnishings pay for the merchandise purchased if the payment Is not made until April 20?1. Record the payment of the merchandise In Requirement (c) In a horizontal 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 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 activity, or NC for net chelement is not affected by the event, leave the cell blank. (Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require entry.)HOME FURNISHINGSEffect of Events on the Financial StatementsBalance SheetIncome StatementStatement of CashFlowsAssetsLiabilitiesStockholders" EquityEventsNetRevenueExpenses=RetainedEarningsIncomeMerchandiseInventoryCommonStockAccountsCashPayablePurchase inventoryReturn inventoryRecord disoountPaid actounts payable< Required ARequired C>%3D retumed $2,400 of the merchandise to Una's Imports for credit Home Fumishings pald cash for the merchandise on April 15.Hings purchased $25,200 of merchandise from Una's Imports, terms 210, n/45. On April 8, Home FurnishingsRequireda. What Is the amount that Home Furnishings must pay Una's Imports on April 15?b. Record the events In a hortzontal statements model In the Cash Flow column, use OA to designate operating activity, IA forInvesting activity, FA for financing actiMity, 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 horizontal statements model. In the Cash Flow column, use OA todesignate operating activity, IA for Investing activity, FA for financtng 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 CRequired DRecord the payment of the merchandise in Requirement (c) in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for investin-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 balances and cash outfloves with a mirequire entry.)HOME FURNISHINGSEffect of Events on the Financial StatementsIncome StatementStatement of CashFlowsBalance SheetStockholders' EquityNetIncomeLiabilities +ExpensesAssetsRevenueRetainedEventsAccountsPayableCommonMerchandiseInventoryStockEarningsCashPaid sccounts payable< Required C

Name: Assignon Apt 6, Home Furmtshings purchased $25,200 of mechandise from
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Description: Assignon Apt 6, Home Furmtshings purchased $25,200 of mechandise from Una's Imports, terms 2/10, n/45. On April 8, Horne Furntshtngsed $2,400 of the merchandise to Una's Imports for credit Home Fumishings pald cash for the merchandise on April 15.Re

The discount on merchandise purchased can be availed, if payment is made within discount period.

Business

Accounting

Ait 6. Home Fumeshings purchased $25,200 of merchandise from Una's Imports, terms 210, n/45. On Aprtl 8, Home Furntshings med $2,400 of the merchandise to Una's Imports for credit. Home Furmishings pald cash for the merchandise on April 15. equired What is the amount that Home Furmishings must pay Una's Imports on April 15? Record the events in a hortzontal 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 How much must Home Furnishings pay for the merchandise purchased if the payment Is not made until April 20? Record the payment of the merchandise In Requirement (C) In a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for Investing activMity, FA for financing activity, or NC for net change in cash. If the elenent is not affected by the event, leave the cell blank.

Ait 6. Home Fumeshings purchased $25,200 of merchandise from Una's Imports, terms 210, n/45. On Aprtl 8, Home Furntshings med $2,400 of the merchandise to Una's Imports for credit. Home Furmishings pald cash for the merchandise on April 15. equired What is the amount that Home Furmishings must pay Una's Imports on April 15? Record the events in a hortzontal 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 How much must Home Furnishings pay for the merchandise purchased if the payment Is not made until April 20? Record the payment of the merchandise In Requirement (C) In a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for Investing activMity, FA for financing activity, or NC for net change in cash. If the elenent is not affected by the event, leave the cell blank.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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View transaction list Journal entry worksheet 1 2 Date May 11 3 Record the merchandise sold on account. Note: Enter debits before credits. Record entry 4 5 General Journal Clear entry Debit Credit View general journal >