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Discount Office Systems uses a perpetual inventory system. The adjusted trial balance of Discount Office Systems at March 31, 2018, follows: Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Journalize the required closing entries at March 31, 2018. (Record debits first, then credits. Select the explanation on the last line of the jour Start by closing revenues. Do not close expenses or contra-revenue accounts; we will do this in the next step. Date Accounts and Explanation Debit Credit Mar 31 Sales Revenue 233.000 Clos. (1) Income Summary 233,000 1 III 11 To close revenues 8 II Choose from any list or enter any number in en continue to the next question O Type here to search DULL Discount Office Systems uses a perpetual inventory system. The adjusted trial balance of Discount Office Systems at March 31, 2018, follows: Click the icon to view the adjusted trial balance.) Read the requirements. Debit Credit 149,550 Close expenses and other temporary accounts for the period. Date Accounts and Explanation Mar. 31 Income Summary Clos. (2) Cost of Goods Sold Selling Expense Administrative Expense Interest Expense To close expenses 104,850 27,700 14,400 2,600 Close Income Summarv. Choose from any list or enter any number in the input fields and then continue to the next question, Type here to search DELL Discount Office Systems uses a perpetual inventory system. The adjusted trial balance of Discount Office Systems at March 31, 2018, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Debit Credit Close Income Summary Date Accounts and Explanation Mar. 31 Income Summary Clos. (3) Retained Eamings 83.450 83.450 To close Income Summary Close Dividends. Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search DELL Discount Office Systems uses a perpetual inventory system. The adjusted trial balance of Discount Office Systems at March (Click the icon to view the adjusted trial balance.) Read the requirements. To close Income Summary Close Dividends. Date Debit Credit Mar. 31 Clos. (4) Accounts and Explanation Retained Earnings Dividends 43,000 43,000 To close Dividends. Choose from any list or enter any number in the input fields and then continue to the next question. O Type here to search solo Discount Office Systems uses a perpetual inventory system. The adjusted trial balance of Discount Office Systems at March 31, 2018, follows: Click the icon to view the adjusted trial balance.) Read the requirements Review the closing journal entries you prepared above. ummary Dividends 43,000 Retained Earnings 11,300 Adj. Bali Requirement 3. How much was Discount's not income or net loss? scount had a net of Choose from any list or ent income or in the input fields and then continue to the next question O Type here to search DELL