Use the following information for the Quick Study below. The following information applies to the questions displayed below) Nox'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) Merchandise inventory T. Nix, Capital T. Nix, Withdrawals Sales Sales discounts $ 44,3ee Sales returns and allowances 128, 300 Cost of goods sold 7,000 Depreciation expense 161,100 Salaries expense 4,200 Miscellaneous expenses $ 5,200 108,900 11,600 39,000 5,000 A physical count of its July 31 year-end Inventory discloses that the cost of the merchandise inwentory still available is 542,500 QS 5-9 Accounting for shrinkage-perpetual system LO P3 Prepare the entry to record any inventory shrinkage. View transaction list Journal entry worksheet