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'It uses the perpetual inventory system). Merchandise inventory Retained earnings Dividends $42.800 125,300 7,000 159,600 3,902 Sales returns and allowances Cost of goods sold Depreciation expense Salaries expense Miscellaneous expenses 5.500 188,000 11,300 37,500 5,000 Sales Sales discounts A physical count of its July 31 year-end Inventory discloses that the cost of the merchandise inventory still available is $41,150. Prepare the entry to record any inventory shrinkage. View transaction list Journal entry worksheet View transaction list Journal entry worksheet Record the adjustment for inventory shrinkage based on physical count. Note: Enter debits before credits. Date General Journal Debit Credit July 31