Ricardo Joseph 4 of 7 (3 complete Save HW Score: 40.44%, 15.37 of 38 pts stem. The adil Data Table Question Help at March 31,2 Quality Business Systems Adjusted Trial Balance March 31, 2024 tra-revenue ad nation Balance Debit Credit 3.900 $ 13,900 30.500 1,400 6.200 Account Title Cash Accounts Receivable Merchandise Inventory Estimated Returns Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Refunds Payable Salaries Payable Notes Payable, long-term Morley, Capital Morley, Withdrawals 42,400 $ 13,300 6,500 2.100 900 8.400 21,000 41.000 ut fields and Print Done Check Answer Nacelook Pro EF5-26 (similar to) 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. 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 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) TE - ory system. The adi Data Table .) Merchandise Inventory 30,500 1,400 tries at March 31, 2 6,200 er contra-revenue aq 42,400 Explanation $ Estimated Returns Inventory Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Refunds Payable Salaries Payable Notes Payable, long-term 13,300 6,500 2,100 900 8,400 Morley, Capital 21,000 41,000 238,000 700 Morley, Withdrawals Sales Revenue Sales Discounts Forfeited Cost of Goods Sold Selling Expense Administrative Expense Interest Expense 107,100 26,900 14,800 2,800 $ 290,900 $ 290,900 Total input fields and the Print Done