Nixlt 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). $ Merchandise inventory T. Nix, Capital T. Nix, Withdrawals Sales Sales discounts $ 47,800 135, 300 7,000 164,600 4,900 Sales returns and allowances Cost of goods sold Depreciation expense Salaries expense Miscellaneous expenses 4,500 111,000 12,300 42,500 5, cee A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $45,650. Prepare the entry to record any inventory shrinkage. View transaction list Journal entry worksheet