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 T. Nix, Capital T. Nix, Withdrawals Sales Sales discounts 545,300 130,300 7,000 162,100 4,400 Sales returns and allowances Cost of goods sold Depreciation expense Salaries expense Miscellaneous expenses $ 5,000 109,500 11,800 40,000 5.000 A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $43,400. Prepare the entry to record any inventory shrinkage. View transaction list Journal entry worksheet Required information View transaction list Journal entry worksheet