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On April 6, 2018, Home Furnishings purchased $41,000 ofmerchandise from Una's Imports, terms 3/10 n/45. On April 8, HomeFurnishings returned $8,600 of the merchandise to Una's Imports forcredit. Home Furnishings paid cash for the merchandise on April 15,2018.

Required

1. What is the amount that Home Furnishings must pay Una's Importson April 15?

   	Net amount due.

2. Record the events in a horizontal statements model. In the CashFlow column, use OA to designate operating activity, IA forinvestment activity, FA for financing activity, or NC for netchange in cash. If the element is not affected by the event, leavethe cell blank

   HOME FURNISHINGS Effect of Events on the FinancialStatements Events Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders’ Equity Revenue – Expenses = Net Income Cash + Merchandise Inventory = Accounts Payable + Common Stock + Retained Earnings Purchase inventory + = + + – = Return inventory + = + + – = Discount percentage + = + + – = Paid accounts payable + = + + – =

   
   
3. How much must Home Furnishings pay for the merchandisepurchased if the payment is not made until April 20, 2018?

1. 	Payment

2. Record the payment of the merchandise in Requirement (c) in ahorizontal statements. In the Cash Flow column, use OA to designateoperating activity, IA for investment activity, FA for financingactivity, NC for net change in cash and NA to indicate the elementis not affected by the event.

   	HOME FURNISHINGS Effect of Events on the FinancialStatements Events Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders’ Equity Revenue – Expenses = Net Income Cash + Merchandise Inventory = Accounts Payable + Common Stock + Retained Earnings Paid accounts payable + = + + – =