Wexler Company's inventory is subject to shrinkage via evaporation. At the end of the current financial reporting period, the company's inventory had a cost of $100,000. Management estimates that evaporation has resulted in a 5 percent inventory loss.

Assuming that loss is recorded in a separate inventory loss account, prepare the general journal entry to record the inventory shrinkage for the year.(Omit the "$" sign in your response.)

General Journal	Debit	Credit
(Click to select) Cost of goods sold Supplies expense Cash Fuel expenses Inventory Purchases Salaries payable Inventory shrinkage loss
(Click to select) Purchases Accounts payable Salaries payable Inventory Inventory shrinkage loss Accumulated depreciation Cash Cost of goods sold