QS 5-14 Accounting for shrinkage-perpetual system () P3 Telo Company's ledger on July 31 , its fiscal year-end, shows merchandise inventory of $37,800 before accounting for any shrinkage. A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $35,900. Prepare the entry to record any inventory shrinkage