Quality Business Systems uses a perpetual inventory system. The adjusted trial balance of Quality Business Systems at March 31, 2018, follows: ER (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 he of the journal ontr 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. Quality Business Systems uses a perpetual inventory system. The adjusted trial balance of Quality Business Systems at March 31, 2018, follows: ER (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 he of the journal ontr 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