Required information (The following information applies to the questions displayed below. 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, Withdrawals Sales Sales discounts $ 43,300 126,300 7,000 160,100 4,000 Sales returns and allowances Cost of goods sold Depreciation expense Salaries expense Miscellaneous expenses $ 5,400 108,300 11,400 38,000 5,000 A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $41,600. Prepare the entry to record any inventory shrinkage. View transaction list Journal entry worksheet