Homework Answers
| a) | Net amount due | 26362 | ||||||||||
| (34000-7100)*98% | ||||||||||||
| Balance sheet | Income statement | |||||||||||
| Assets | liabilities | Equity | Net | Statement of cash flow | ||||||||
| b) | Events | Cash | Inventory | A/P | CS | RE | Revenue | Expense | income | |||
| 1 | pur inv | 34,000 | 34,000 | NA | ||||||||
| 2 | Ret inv | -7,100 | -7,100 | NA | ||||||||
| 3 | Disc | -538 | -538 | NA | ||||||||
| 4 | pd.AC | -26362 | -26362 | -26362 | OA | |||||||
| c) | Payment | 26900 | ||||||||||
| d) | Balance sheet | Income statement | ||||||||||
| Assets | liabilities | Equity | Net | Statement of cash flow | ||||||||
| Events | Cash | Inventory | A/P | CS | RE | Revenue | Expense | income | ||||
| 4 | pd.AC | -26900 | -26900 | -26900 | OA | |||||||
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On April 6, Year 1, Home Furnishings purchased $34,000 of merchandise from Una Imports, terms 2/10 n/45. On April 8, Home returned $7,100 of the merchandise to Una Imports for credit. Home paid cash...
On April 6. Year 1, Home Furnishings purchased $32,000 of merchandise from Una Imports, terms 3/10...
On April 6. Year 1, Home Furnishings purchased $32,000 of merchandise from Una Imports, terms 3/10 n/45. On April 8, Home returned $6,700 of the merchandise to Una Imports for credit. Home paid cash for the merchandise on April 15. Year 1. Required a. What is the amount that Home must pay Una Imports on April 15? b. Record the events in a horizontal statements model. c. How much must Home pay for the merchandise purchased if the payment is...
On April 6, Year 1, Home Furnishings purchased $32,000 of merchandise from Una Imports, terms 3/10...
On April 6, Year 1, Home Furnishings purchased $32,000 of merchandise from Una Imports, terms 3/10 n/45. On April 8, Home returned $6,700 of the merchandise to Una Imports for credit. Home paid cash for the merchandise on April 15, Year 1. Required a. What is the amount that Home must pay Una Imports on April 15? b. Record the events in a horizontal statements model. c. How much must Home pay for the merchandise purchased if the payment is...
On April 6, 2018, Home Furnishings purchased $36,000 of merchandise from Una's Imports, terms 1/10 n/45. On April 8, Home Furnishings returned $7,600 of the merchandise to Una's Imports for cr...
On April 6, 2018, Home Furnishings purchased $36,000 of merchandise from Una's Imports, terms 1/10 n/45. On April 8, Home Furnishings returned $7,600 of the merchandise to Una's Imports for credit. Home Furnishings paid cash for the merchandise on April 15, 2018. Required What is the amount that Home Furnishings must pay Una's Imports on April 15? Record the events in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for investment activity,...
Saved On April 6, Home Furnishings purchased $45,000 of merchandise from Una's Imports, terms 1/10,n/45. On...
Saved On April 6, Home Furnishings purchased $45,000 of merchandise from Una's Imports, terms 1/10,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 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,...
On April 6. Home Furnishings purchased $45,000 of merchandise from Una's Imports, terms 1/10, 1/45. On...
On April 6. Home Furnishings purchased $45,000 of merchandise from Una's Imports, terms 1/10, 1/45. 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 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,...
Cash Discounts and Purchase Returns On April 6, 2018, Home Furnishings purchased $25,200 of merchandise from...
Cash Discounts and Purchase Returns On April 6, 2018, 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, 2018 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. - Llab. + Rev....
On April 6, 2018, Home Furnishings purchased $40,000 of merchandise from Una's Imports, terms 2/10 n/45....
On April 6, 2018, Home Furnishings purchased $40,000 of merchandise from Una's Imports, terms 2/10 n/45. On April 8, Home Furnishings returned $8,400 of the merchandise to Una's Imports for credit. Home Furnishings paid cash for the merchandise on April 15, 2018 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...
On April 6, Home Furnishings purchased $45.000 of merchandise from Una's Imports terms 110, n. 45....
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...
On April 6, Home Furnishings purchased $26,300 of merchandise from Una's Imports, terms 2/10, n/30. On...
On April 6, Home Furnishings purchased $26,300 of merchandise from Una's Imports, terms 2/10, n/30. On April 8, Home Furnishings returned $4,720 of the merchandise to Una's Imports for credit. Home Furnishings paid cash for the merchandise on April 20. What is the amount that Home Furnishings must pay Una's Imports?
Question 19 O out of 15 points On April 6, Home Furnishings purchased $28,940 of merchandise...
Question 19 O out of 15 points On April 6, Home Furnishings purchased $28,940 of merchandise from Una's Imports, terms 2/10,n/30. On April 8, Home Furnishings returned $2,780 of the merchandise to Una's Imports for credit. Home Furnishings paid cash for the merchandise on April 20. What is the amount that Home Furnishings must pay Una's Imports? Question 20 O out of 1.5 points The accounting records of Ava Company contained the following account balances. Land $2,120 Notes Payable $5,720...
On April 6. Year 1, Home Furnishings purchased $32,000 of merchandise from Una Imports, terms 3/10 n/45. On April 8, Home returned $6,700 of the merchandise to Una Imports for credit. Home paid cash for the merchandise on April 15. Year 1. Required a. What is the amount that Home must pay Una Imports on April 15? b. Record the events in a horizontal statements model. c. How much must Home pay for the merchandise purchased if the payment is...
On April 6, Year 1, Home Furnishings purchased $32,000 of merchandise from Una Imports, terms 3/10 n/45. On April 8, Home returned $6,700 of the merchandise to Una Imports for credit. Home paid cash for the merchandise on April 15, Year 1. Required a. What is the amount that Home must pay Una Imports on April 15? b. Record the events in a horizontal statements model. c. How much must Home pay for the merchandise purchased if the payment is...
Saved On April 6, Home Furnishings purchased $45,000 of merchandise from Una's Imports, terms 1/10,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 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,...
On April 6. Home Furnishings purchased $45,000 of merchandise from Una's Imports, terms 1/10, 1/45. 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 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,...
Cash Discounts and Purchase Returns On April 6, 2018, 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, 2018 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. - Llab. + Rev....
On April 6, 2018, Home Furnishings purchased $40,000 of merchandise from Una's Imports, terms 2/10 n/45. On April 8, Home Furnishings returned $8,400 of the merchandise to Una's Imports for credit. Home Furnishings paid cash for the merchandise on April 15, 2018 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...
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...
On April 6, Home Furnishings purchased $26,300 of merchandise from Una's Imports, terms 2/10, n/30. On April 8, Home Furnishings returned $4,720 of the merchandise to Una's Imports for credit. Home Furnishings paid cash for the merchandise on April 20. What is the amount that Home Furnishings must pay Una's Imports?
Question 19 O out of 15 points On April 6, Home Furnishings purchased $28,940 of merchandise from Una's Imports, terms 2/10,n/30. On April 8, Home Furnishings returned $2,780 of the merchandise to Una's Imports for credit. Home Furnishings paid cash for the merchandise on April 20. What is the amount that Home Furnishings must pay Una's Imports? Question 20 O out of 1.5 points The accounting records of Ava Company contained the following account balances. Land $2,120 Notes Payable $5,720...
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