Nix'lt Company's ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances

Nix'lt Company's ledger on July 31, its fiscal year-end, includes the following selected accounts that have
normal balances (Nix'lt uses the perpetual inventory system).
Merchandise inventory
T. Nix, Capital
T. Nix, Withdrawals
Sales
Sales discounts
$ 37,800
115,300
7,000
160,200
4,700
Sales returns and allowances
Cost of goods sold
Depreciation expense
Salaries expense
Mis.cellaneous expenses
s 6,500
105,000
10,300
32,500
5,000
A physical count of its July 31 year-end inventor/ discloses that the cost of the merchandise inventor/
still available is 535,900. Prepare the entry to record any inventory shrinkage.