Wk 1 – Practice: Topic 2: Selling on Credit and
Collecting Cash Quick Check
Points
20
:
Graded on Feb 19 at 22:30
Your Submission:
Submission
(90.00%)
Score:
Grade Time: Feb 19 at 22:30
Submitted On: Feb 19 at 22:30
1. Which of the following accounts would normally be found on the income statement?
o Unearned Service Revenues
o Cash
o Sales Returns and Allowances
o Rent Payable
FEEDBACK
o Accounts Receivable
o Unearned Service Revenues
o Sales Discounts
o Taxes Payable
/
3. Sales Discounts is which type of account?
o Expense
o Contra-expense
o Revenue
o Contra-revenue
Collecting Cash Quick Check
Points
20
:
Graded on Feb 19 at 22:30
Your Submission:
Submission
(90.00%)
Score:
Grade Time: Feb 19 at 22:30
Submitted On: Feb 19 at 22:30
1. Which of the following accounts would normally be found on the income statement?
o Unearned Service Revenues
o Cash
o Sales Returns and Allowances
o Rent Payable
FEEDBACK
o Accounts Receivable
o Unearned Service Revenues
o Sales Discounts
o Taxes Payable
/
3. Sales Discounts is which type of account?
o Expense
o Contra-expense
o Revenue
o Contra-revenue
