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4: Homework Required Information Use the following Information for the Quick Study below. The following information applies to the questions displayed below) Nix'lt Company's ledger

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4: Homework Required Information Use the following Information for the Quick Study below. The following information applies to the questions displayed below) Nix'lt Company's ledger on July 31, ita fiscal year-end, includes the following selected accounts that have normal balances Nx'it uses the perpetual Inventory system). Merchandise inventory Merchandise inventory Retained earnings Dividends $ 37,800 sales returns and allowances 115.300 Cost of goods sold 7,000 Depreciation expense 160.200 Salaries expenses 4.700 Miscellaneous expenses $ 6,500 105.000 10.300 Sales 32.500 Sales discounts 5.000 A physical count of its July 31 year-end Inventory discloses that the cost of the merchandise inventory well available QS 4-9 Accounting for shrinkage-perpetual system LO P3 Prepare the entry to record any inventory shrinkage. Journal entry worksheet Record the adjustment forventory shrinkage based on physical cour Facand by

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