Wonpuity uy Vuly , TUCU YLI 4, LUULUUICY CELU UCLUur LULU HUU WUULL (Nix'It uses the perpetual inventory system) Merchandise inventory T. Nix, Capital T. Nix, Withdrawals Sales Sales discounts $ 39,800 Sales returns and allowances 119,300 Cost of goods sold 7,000 Depreciation expense 159,400 Salaries expense 3,300 Miscellaneous expenses $ 6,100 106,200 10,700 34,500 5,000 A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $38,450 Prepare the entry to record any inventory shrinkage. View transaction list Journal entry worksheet