Required information Use the following information for the Quick Study below. The following information applies to the questions displayed below.) Nix'it Company's ledger on July 31, its fiscal year-end, includes the following selected accounts that have no (Nix'it uses the perpetual inventory system). Merchandise inventory T. Nix, Capital T. Nix, Withdrawals Sales Sales discounts $ 46,800 Sales returns and allowances 133,300 Cost of goods sold 7,000 Depreciation expense 163,600 Salaries expense 4,700 Miscellaneous expenses $ 4,700 110,400 12, 100 41,500 5,000 A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still a $44,750. Journal entry worksheet