Efficient Office Systems uses a perpetual inventory system. The adjusted trial balance of Efficient Office Systems at March 31, 2018, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Data table Requirement 1. Joumalize the required closing entries at March 31, 2018. (Record debits first, then cred Start by closing revenues. Do not close expenses or contra-revenue accounts; we will do this in the next Accounts and Explanation Debit Cred Account Title Cash Date Mar. 31 Clos. (1) Balance Debit Credit 2,900 Accounts Receivable 13,100 Merchandise Inventory 32,000 Office Supplies 6,600 Equipment 42,500 Accumulated Depreciation-Equipment 13,400 Accounts Payable 9,600 Salaries Payable 850 Notes Payable, long-term 7,800 Common Stock 20,000 Retained Earnings 3,100 Dividends Sales Revenue 43,000 235,000 Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Total 105,750 27,700 14,000 2,200 $ 289,750 $ 289,750