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Can you help me with this journal Required information [The foiiowing information appiies to the questions dispiayeo' beiowtj Nix'lt Company's ledger on July 31, its

Can you help me with this journal

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Required information [The foiiowing information appiies to the questions dispiayeo' beiowtj Nix'lt Company's ledger on July 31, its scal yearend, includes the following selected accounts that have normal balances {Nix'lt uses the perpetual inventory system}. Merchandise inventory 3 43,833 Sales returns and allowances 5 5,333 T. Nix, Capital 12?,333 Cost o+' goods sold 133,633 T. Nix, withdrawals 7",333 Depreciation expense 11,533 Sales 163,633 Salaries expense 33,533 Sales discounts 4,133 Miscellaneous expenses 5,333 A physical count of its July 31 yearend inventory discloses that the cost of the merchandise inventory still available is $42,050. Prepare journal entries to close the balances in temporary revenue and expense accounts. Remember to considerthe entry for shrinkage from GS 59. {The solution from 05 5-9 is required to complete this questionJ View transaction list Journal entryr worksheet Record the entry to close the income statement accounts with credit balances Nobe: Enter debits heFDre credits. Nix'lt Company's ledger on July 31, its scal yearend, includes the following selected accounts that have normal balances {Nix'h uses the perpetual inventory system}. Merchandise inventory $ 43,366 Sales returns and allowances 5 5,366 T. Nix, Capital 12?,366 Cost o-F goods sold 166,666 T. Nix, withdrawals ?,B6B Depreciation expense 11,566 Sales 166,666 Salaries expense 33,566 Sales discounts 4,166 Miscellaneous expenses 5,666 A physical count of its July 31 yearend inventory discloses that the cost of the merchandise inventory still available is $42,050. Jrepare journal entries to close the balances in temporary revenue and expense accounts. Remember to consider the entry for ;hrinl

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