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Prepare the required closing entries for the following selected accounts from the records of South west Transport Inc. at December 31.2014 (amounts in thousands): How

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Prepare the required closing entries for the following selected accounts from the records of South west Transport Inc. at December 31.2014 (amounts in thousands): How much net income did SouthWest Transport Inc. earn during the year ended December 31, 2014? Prepare a T-account for Retained Earnings to show the December 31, 2014, balance of Retained Earnings

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