Nix'lt Company's ledger on July $31,$ its fiscal year$-$end, includes the following selected accounts that have normal balances. Nix'lt uses the perpetual inventory system.

$\backslash$table$[[$T$.$ Nix, Capital,,$106,900],[$T$.$ Nix, Withdrawals,$$115,300$ Cost of goods sold,$10,300],[$Sales$,7,000$ Depreciation expense expense,$10,300],[$Sales discounts,$170,000$ Salaries expense,$32,500],[$Sales returns and allowances,$4,700$ Miscellaneous expenses,$5,000]]$

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