Qualiy Business Systems uses a perpetual inventory system. The adjusted trial balance of Quality Business Systems at March 31, 2024, follows: (Cick the icon to view the adjusted trial balance.) Read the reguirements. Requirement 1. Journalize the required closing entries at March 31, 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenuos. Do not close expenses or contra-revenue accounts; we will do this in the next step. Quality Business Systems Adjusted Trial Balance March 31, 2024 Balance Account Title Debit Credit Cash $4,400 Accounts Receivable 13,400 Merchandise Inventory 30,500 Estimated Returns Inventory 1,600 Office Supplies 6,800 Equipment 42,200 Accumulated Depreciation-Equipment $13,500 Accounts Payable Refunds Payable 6,900 Salaries Payable Notes Payable, long-term Muir. Cabital Data table