rk Ch Required information Use the following information for the Quick Study 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'lt uses the perpetual inventory system). 4,900 109,800 11,900 40,500 5,000 $ 45,800 131,300 7,000 162,600 4,500 Sales returns and allowances Cost of goods sold Depreciation expense Salaries expense Miscellaneous expenses Merchandise inventory T. Nix, Capital T. Nix, withdrawals Sales Sales discounts A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $43,850 QS 5-9 Accounting for shrinkage-perpetual system LO P3 Prepare the entry to record any inventory shrinkage.