Question

On April 6, Home Furnishings purchased $45.000 of merchandise from Una's Imports terms 110, n. 45. On April 8 Home Furnishings returned $9.500 of the merchandise to Una's Imports for credit Home Furnishings paid cash for the merchandise on April 15. Required o. What is the amount that Home Furnishings must pay Una's Imports on April 157 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 in a horizontal statements model in the Cash Flow column use OA to designate operating activity. I for investing activity, FA for financing activity or NC for net change in cash. If the elements pot affected by the event, leave the cell blank Complete this question by entering your answers in the tabs below. Required A Required What is the amount that Home Furnishings must pay Une's Imports on April 157 Net amount du Required B >

Answer 1

If you like my explanation, please give a "thumbs up"

A B с D E F G H 1 J K L M N a. 45000 1 2. 3 4 5 Purchase Returns Net purchases Discount rate Discount amount Net payment -9500 35500 1% -355 35145 6 7 8 9 b. 10 Statement of cash flow 11 Balance sheet Income statement Assets liabilities Equity Common Retained Net Events Cash Inventory A/P stock Earnings Revenue Expense income 1 Purchcase 450001 45000 2 Return -9500 -9500 3 Discount -355 -355 4 Payment -35145 -35145 12 13 NA NA NA -35145 OA 14 15 16 17 C. Purchase Returns Net purchases 45000 -9500 18 19 35500 No discount 20 21 d. 22 Balance sheet Income statement Assets liabilities Equity Common Retained Net Cash Inventory A/P Earnings Revenue Expense income 35500 35500 Statement of cash flow 23 stock Events Payment 24 35500 OA 25 Sheet154 Sheet155 Sheet156 Sheet157 Sheet158 Sheet159 Sheet160 Stats Ready