Required information 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). Merchandise inventory T. Nix, Capital T. Nix, Withdravals Sales Sales discounts 37,800 Sales returns and allowances 115,300Cost of goods sold $ 6,500 105,000 10,300 32,500 5,000 7,000 Depreciation expense 160,200 Salaries expense 4,700 Miscellaneous expenses A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory stll available is $35,900. [The following information applies to the questions displayed below) Prepare journal entries to close the balances in temporary shrinkage revenue and expense accounts. Remember to consider the entry for View transaction list Journal entry worksheet Record the entry to close the temporary revenue accounts Note: Enter debits before credits