Use the following information for the Exercises below. The following information applies to the questions displeyed below) Nix:'t Company's ledger on July 31, its fiscal year end, includes the following selected accounts that have normal balances Nix't uses the perpetual inventory system) Merchandise inventory Retained earnings Dividends Sales sales diacounts 41,800 Sales returna and allowances 123,300 Cost of goods sold $ 5,700 107,400 11,100 36,500 S,000 7,000 Depreciation expense 158,600 Salaries expense ,700 Miscellaneous expenses A physical-count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $40,250. OS 4-9 Accounting for shrinkage-perpetual system LO P3 Prepare the entry to record any inventory shrinkage. View transaction list Journal entry worksheet Record the adjustment for inventory shrinkage based on physical count Note: Enter debits before credits DebitCredit