Required information Use the following information for the Exercises below. [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 T. Nix, Capital T. Nix, Withdrawals Sales Sales discounts $ 45,800 131,300 7,000 162,600 4,500 Sales returns and allowances Cost of goods sold Depreciation expense salaries expense Miscellaneous expenses 4,900 109,800 11,909 40,500 5,000 A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $43,850. Record the adjustment for inventory shrinkage based on physical count. Note: Enter debits before credits. General Journal Debit Credit Date July 31