Journalize the required closing enteries at March 31, 2024

It Teams " 5 ns Quality Business Systems uses a perpetual inventory system. The adjusted trial balance of Quality Business Systems at March 31, 2024, follows (Click the icon to view the adjusted trial balance) Read the requirements Debit Credit Date Accounts and Explanation Mar 31 Sales Revenue 232,000 Account True Cash Accounts Receivable Merchandise Inventory Estimated Returns Inventory Office Supplies $ (A Debit 2,800 13,900 31,000 1,200 6,600 Cream C Data table Ofice Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Refunds Payable Salaries Payable 0,000 42,700 $ 13,800 6,700 2,000 900 SORTU Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue 44,500 8,500 12,000 2,100 232,000 Sales Discounts Forfeited Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Tadil $ 92,800 27,400 14,300 1,900 279,100 $ 279,1 Office 365 Discussions Close expenses and other temporary accounts for the period Accounts and Explanation Date Mar 31 Clos (2) Debit Credit uality Business Systems uses a p (Click the icon to view the adju mad the requirements. ose expenses and other temporar Date Requirements 1. Journalize the required closing entries at March 31, 2024 2. The following T-accounts have been set up: Income Summary, Retained Earnings; and Dividends. Post the closing entries to the T-accounts, and calculate their ending balances. 3. How much was Quality's net income or net loss? Print Done follows