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9. The Leslie Grill purchased food on account from several suppliers during June as follows: Assume the accounts payable control account had a $320 balance

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9. The Leslie Grill purchased food on account from several suppliers during June as follows: Assume the accounts payable control account had a $320 balance on May 31 . What is the balance of the accounts payable control account on June 30 (after posting the total from the purchases journal to the accounts payable control account)? 10. A hospitality firm receives an invoice for a $5,400 inventory purchases. The invoice is dated March 1, 2022, with terms of 3/10,n/30. Using the GROSS method of recording purchases, complete the following 3 questions: 1) Record the purchase of the inventory. 2) Record the payment of the invoice within the discount period. 3) Record the payment of the invoice after the discount period. 11. A hospitality firm receives an invoice for a $5,400 inventory purchases. The invoice is dated March 1, 2022, with terms of 3/10,n/30. Using the NET method of recording purchases, complete the following 3 questions: 1) Record the purchase of the inventory. 2) Record the payment of the invoice within the discount period. 3) Record the payment of the invoice after the discount period. 12. Using your language to explain the difference between revenue and profit. 1. The decrease of an asset account should be on the a. Credit b. Debit 2. The decrease of a liability account should be on the sidense? a. Credit b. Debit 3. The decrease of an equity account should be on thermmside? a. Credit b. Debit 4. The increase of a revenue account should be on the sanside? a. Credit b. Debit 5. The increase of an expense account should be on themenside? a. Credit b. Debit 6. The amount of current assets for Scotty's Cafe is $75,000, and the amount of current liabilities is $60,000. Determine the current ratio. 7. The amount of current assets for Scotty's Cafe is $85,000, and the amount of current liabilities is $65,000. Determine the net working capital. 8. The current ratio for the Wiakie's Motel is 1.4 to 1 . In addition, the amount of current liabilities is $85,000. What is the amount of current assets for Jiokie's Motel

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