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Nix'It Company's ledger on July 31. its fiscal year-end, includes the following selected accounts that have normal balances (Nix'It uses the perpetual inventory system). 5
Nix'It Company's ledger on July 31. its fiscal year-end, includes the following selected accounts that have normal balances (Nix'It uses the perpetual inventory system). 5 Merchandise inventory T. Nix Capital T Nix, Withdrawals Sales Sales discounts $ 38 800 Sales returns and allowances 117300 Cost of goods sold 7.000 Depreciation expense 159,800 Salaries expense 3 100 Miscellaneous expenses 6,300 105,600 10.500 33 500 5000 A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $37,550 Prepare the entry to record any inventory shrinkage View transaction list Journal ry worksheet
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