Nix'lt 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.

T$.$ Nix, Capital

T$.$ Nix, Withdrawals

Sales

Sales discounts

sales returns and allowances

$$115,300$ cost of goods sold

$7,008$ Depreciation expense expense

$170,000$ salaries expense

$4,700$ Miscellaneous expenses

$$6,500$

$106,900$

$10,300$

$32,500$

$5,000$

Prepare the company's year$-$end closing entrles.

Journal entry worksheet

$1$

$2$

$3$

$4$

Record the entry to clase the income statement accounts with credit balances.

Note: Enter debits before credits,

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$July $31,,,],[,,,],[,,,],[,,,]]$