Merchandise inventory T. Nix, Capital T. Nix, Withdrawals Sales Sales discounts $ 42,800 Sales returns and allowances 125,380 Cost of goods sold 7,800 Depreciation expense 159,689 Salaries expense 3,900 Miscellaneous expenses $ 5,500 108,000 11,300 37,500 5,880 A physical count of its July 31 year end inventory discloses that the cost of the merchandise inventory still available is $41,150 QS 5-9 Accounting for shrinkage-perpetual system LO P3 Prepare the entry to record any inventory shrinkage View transaction list Journal entry worksheet