Question: Prepare the closing entries from the following selected accounts from

Prepare the closing entries from the following selected accounts from the records of Amanda’s Jewels, Inc. at December 31, 2014:


How much net income did Amanda’s Jewels earn during 2014? Prepare a T-account for Retained Earnings to show the December 31, 2014, balance of RetainedEarnings.
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  • CreatedJuly 25, 2014
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