The trial balance for a merchandiser is as follows. A physical count of inventory at the end of the accounting year reveals $28,000 of inventory on hand. (Assume a perpetual inventory system.)

	Debit	Credit
Cash	$12,600
Accounts Receivable	2,400
Prepaid Rent	800
Merchandise Inventory	30,000
Accounts Payable		$4,200
Salaries Payable		1,000
Notes Payable		800
Owner, Capital		13,800
Owner, Withdrawals	1,000
Sales Revenue		96,000
Sales Returns and Allowances	1,600
Sales Discounts	400
Cost of Goods Sold	23,000
Salaries Expense	21,000
Rent Expense	14,000
Selling Expense	8,500
Supplies Expense	500	________
Total	$115,800	$115,800

Give journal entry to record the inventory shrinkage, and the entries to close the Sales Revenue account, the expense accounts and contra revenue accounts with a debit balance, and the the Income Summary account and the Owner, Withdrawals account.