Discount Office Systems Adjusted Trial Balance March 31, 2018 Balance Debit Credit Account Title GA $ 4.200 Cash 13.700 Accounts Receivable 31.400 Merchandise Inventory 6.400 42.800 Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable S 13 500 9.300 02 13 500 9.300 550 Accumulated Depreciation Equipment Accounts Payable Salaries Payable Notes Payable, long-term Moss, Capital Moss, Withdrawals 8.300 27.550 45,000 Sales Revenue 232.000 Cost of Goods Sold 104.400 27 200 Selling Expense Administrative Expense a 14,000 2 100 Interest Expense $ 291.200 S 291 200 Total Requirement 1. Journalize the required closing entries at March 31, 2018. (Record debits first, then credits. Selec 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 Clos. (1) Close expenses and other temporary accounts for the period. Date Accounts and Explanation Debit Credit Mar. 31 Clos. (2) Close Income Summary Date Accounts and Explanation Debit Credit Mar. 31 Clos. (3) na it! Close withdrawals. Date Accounts and Explanation Debit Credit Mar. 31 Clos (4) Moss, Withdrawals Income Summary Moss, Capital 27.550 Adj. Bal Adj Bal 45,000 Bal Requirement 3. How much was Discount's net income or net loss? Discount had a net of