Sophia Accounting Final Milestone 100% RATED 2022
You passed this Milestone
25 questions were answered correctly.
0 question was answered incorrectly.
1
Which of the following is NOT a temporary account?
•
Revenue
•
Equity
•
Expense
•
Drawings
CONCEPT
Account Groups
2
Which image below correctly shows a general ledger?
•
•
,Sophia Accounting Final Milestone 100% RATED 2022
•
•
CONCEPT
Posting to the General Ledger
3
Based on the information in this portion of an expanded income statement, what is the total
of the Goods Available for Sale?
•
$167,000
•
$104,000
•
$138,000
•
$92,000
CONCEPT
Expanded Income Statement
, Sophia Accounting Final Milestone 100% RATED 2022
4
The purpose of the general journal is to show accounting events in their
sequence.
•
active
•
beginning
•
chronological
•
ending
CONCEPT
General Journal and General Ledger
5
Which of the following is the additional percentage that a shoe store discounted the price of
a pair of boots that were originally priced at $175, marked down to $125, and finally sold
for $100?
•
25%
•
20%
You passed this Milestone
25 questions were answered correctly.
0 question was answered incorrectly.
1
Which of the following is NOT a temporary account?
•
Revenue
•
Equity
•
Expense
•
Drawings
CONCEPT
Account Groups
2
Which image below correctly shows a general ledger?
•
•
,Sophia Accounting Final Milestone 100% RATED 2022
•
•
CONCEPT
Posting to the General Ledger
3
Based on the information in this portion of an expanded income statement, what is the total
of the Goods Available for Sale?
•
$167,000
•
$104,000
•
$138,000
•
$92,000
CONCEPT
Expanded Income Statement
, Sophia Accounting Final Milestone 100% RATED 2022
4
The purpose of the general journal is to show accounting events in their
sequence.
•
active
•
beginning
•
chronological
•
ending
CONCEPT
General Journal and General Ledger
5
Which of the following is the additional percentage that a shoe store discounted the price of
a pair of boots that were originally priced at $175, marked down to $125, and finally sold
for $100?
•
25%
•
20%
