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.
