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What is the amount that Home must pay Una Imports on April

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Question - On April 6, Year 1, Home Furnishings purchased $42,000 of merchandise from Una Imports, terms 1/10 n/45. On April 8, Home returned $8,800 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 not made until April 20, Year 1?

d. Record the payment in Requirement c in a horizontal statements model.

Reference no: EM132483679

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