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Safari File Edit View History Bookmarks Window Help E {9 >3 '5 4) 50% [Ir Mon 7:31 PM Q 6 EE . . . ' ' | G Beztomheducationcom O ' 'l 'l :17 l Wk 1 - Apply: Connect Homework [due Day 7] 0 Saved Help Save 5 Exit Submit 8 Required information [The following information applies to the questions displayed below. ] Part 1 of 2 . . , . . . NIX It Company 5 ledger on July 31, Its scal year-end, Includes the followmg selected accounts that have normal balances (Nix'lt uses the perpetual inventory system). 10 points Merchandise inventory 5 47, 300 Sales returns and allowances $ 4 , 600 T. Nix, Capital 134,300 Cost of goods sold 110,700 '1'. Nix, Withdrawals 7, 000 Depreciation expense 12 , 200 Sales 164, 100 Salaries expense 42,000 Sales discounts 4 , 800 Miscellaneous expenses 5 , 000 A physical count of its July 31 yearend inventory discloses that the cost of the merchandise inventory still available is $45,200. Prepare the entry to record any inventory shrinkage. View transaction list Me on 351'\" 3 '5 4) 50% [I' Mon 7:31 PM Q 6 EE 0 O O | e Beztomheducationcom 0 'l \" ' Wk 1 - Apply: Connect Homework [due Day 7] 0 Saved Help Save 8: Exit Submit 8 Required Information Journal entry worksheet Part1 of2 Record the adjustment for inventory shrinkage based on physical count. 10 points Note: Enter debits before credits. July 31 Cost of goods sold Me on mw ( Prev 8 9 of 10 Next > Edutarmn U