Required information [The following information applies to the questions displayed below.) Nix"It 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 Sales Sales discounts $ 42,800 Sales returns and allowances 125,300 Cost of goods sold 7,000 Depreciation expense 159, 600 Salaries expense 3,900 Miscellaneous expenses $ 5,500 108,000 11,300 37,500 5,000 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. ances View transaction list Journal entry worksheet Journal entry worksheet