Required information TThe following information applies to the quiestions displayed below] Nix it Compary's ledger on July 31 , is fiscal year-end, includes the following selected accounts that have normal balances (Nixit uses the perpelual inventory system). A physical count of its July 31 yeariend inventory discloses that the cost of the merchandise inventory stits availabie is $35,900 Journal entry worksheet Record the entry to close the income statement accounts with credit balances. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the income statement accounts with debit balances. Note: Enter debits before credits