Req B only On April 6, Year 1, Home Furnishings purchased $25,200 of merchandise from Una Imports, terms 2/10 n/45. On April 8,Home returned $2,400 of the merchandise to Una Imports for credit. Home paid cash for the merchandise on April 15,Year 1.Requireda. What is the amount that Home Furnishings must pay Una Imports on April 15?. Record the events in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity.LA for Investing activity, FA for financing activity, or NC for net change in cash. If the element is not affected by theevent, leave the cell blank.c. How much must Home Furnishings pay for the merchandise purchased if the payment is not made until April 20, YearⓇd. Record the payment of the merchandise in Requirement (c) In a horizontal statements model. In the Cash Flowcolumn, use QA to designate operating activity, IA for Investing activity, FA for financing activity, or NC for net changein cash. If the element is not affected by the event, leave the cell blank.Complete this question by entering your answers in the tabs below.Required Required Required RequiredACDRecord the events in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for investfor financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. (Enter any decaccount balances and cash outflows with a minus sign. Not all cells require entry.)EventsPurchaseinventoryReturninventoryRecorddiscountPay accountspayableAssetsCash + Inventory++#HOME FURNISHINGSEffect of Events on the Financial StatementsBalance SheetLiabilities Stockholders' EquityAccounts Common Retained Revenue - Expenses =Payable Stock EarningsEllIncome StatementNetIncomeStatementof CashFlows

Disclaimer : As per the above questions, we have solved Requirement B. Introduction Horizontal…

Required Required Required Required A C D Record the events in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for inv 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 account balances and cash outflows with a minus sign. Not all cells require entry.) Events Purchase inventory Return inventory Record discount Pay accounts payable Assets Cash + Inventory + ++ HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Liabilities Stockholders' Equity Accounts Payable + 5 Common Stock CHE Income Statement Retained Revenue - Expenses = Earnings < Required A ||||||||||| Required C > Net Income Statement of Cash Flows

Required Required Required Required A C D Record the events in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for inv 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 account balances and cash outflows with a minus sign. Not all cells require entry.) Events Purchase inventory Return inventory Record discount Pay accounts payable Assets Cash + Inventory + ++ HOME FURNISHINGS Effect of Events on the Financial Statements Balance Sheet Liabilities Stockholders' Equity Accounts Payable + 5 Common Stock CHE Income Statement Retained Revenue - Expenses = Earnings < Required A ||||||||||| Required C > Net Income Statement of Cash Flows

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 21E

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On April 6, Year 1, Home Furnishings purchased $37,000 of merchandise from Una Imports, terms 2/10 n/45, On April 8, Home returned $7,800 of the merchandise to Una Imports for credit. Home paid cash for the merchandise on April 15, Year1. a. What is the amount that Home Furnishings must pay Una 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 Furnishing pay for the merchandise purchased if the payment is not made until April 20, Year 1. ? d. 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 activity, FA for financing activity, or NC for net change in cash. If the element is not affected by the event,…
On April 6, Home Furnishings purchased $32,000 of merchandise from Una's Imports, terms 3/10, n/45. On April 8, Home Furnishings returned $6,700 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. 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) 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…
Assign on Apt 6, Home Furmtshings purchased $25,200 of mechandise from Una's Imports, terms 2/10, n/45. On April 8, Horne Furntshtngs ed $2,400 of the merchandise to Una's Imports for credit Home Fumishings pald cash for the merchandise on April 15. Required What 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 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? 1. 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 activity, FA for financing activity, or NC for net change In cash If the element is not affected by the event,…
Req A only
Please answer both a and b thx
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it is all the informations. it is complete. please help
am. 113.
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Directions: Record the following transactions in the appropriate journals. Lloyd Gurango Co. completed the following sales transactions during the month of June 2021. A credit sales have terms of 3/10, n/30, and all invoices are dates as at the transaction date. June 1 4 7 9 13 ಈ 15 18 20 Mr. Gurango invested P52 000 of his funds in the business Sold merchandise on account to KRA Company, P32 000. Invoice number 377 Sold P46 000 of merchandise for cash. Received payment from KRA Company, fewer discounts. Received payment from LRM Trading, fewer discounts. Sold merchandise to JPT Store on account, P62 000. Invoice number 379. Collected the amount due from JPT Store. Fewer discounts. Paid the employees' wages for the month amounting to P5,000 Acquired merchandise to YMC Trading worth P15, 000 payable next month Acquired merchandise on credit from ABS Manufacturing worth P15, 000. The invoice number is 201 and the credit term is n/30
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