Accounting Glencoe Accounting: 5th Edition   Glencoe Online
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Students

Chapter 20: Completing the Accounting Cycle for a Merchandising Corporation

Study Plans

Chapter 20 Study Plan

Self-Assessment Quizzes

Chapter 20, Section 1, Journalizing Closing Entries
Chapter 20, Section 2, Posting Closing Entries

Extend: A Matter of Ethics

Chapter 20: Handling Sales Returns, p. 554

  • To maintain a credible reputation among consumers, businesses must maintain ethical standards of practice. What ethical considerations do consumers owe business in return?

  • In class, discuss the following scenario. A woman is purchasing a product for which the barcode does not scan properly. The clerk asks her the price. She tells him $7.99 even though she knows the actual price is $12.99.

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