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. T. Nix, Capital T. Nix, withdrawala Sales Sales discounts Sales returns and allowances $ 134,300 Cont of goods sold 7,000 Depreciation expense 189,000 salaries expense 4,800 Miscellaneous expenses 4,600 $ 110,700 12,200 42,000 5,000 Prepare the company's year-end closing entries. View transaction list Journal entry worksheet