Question: need help on this journal entry! Required information Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed

need help on this journal entry!
need help on this journal entry! Required information Use the following information

Required information Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Nix'lt Company's ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances (Nixit uses the perpetual inventory system). A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $39,350. QS 4-11 (Algo) Accounting for shrinkage-perpetual system LO P3 Prepare the entry to record any inventory shrinkage. Journal entry worksheet Porord the adiuctment for inventing shrinkane haced on nbucical mount

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