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Looking for someone to double check what I already have and help with the couple...

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Accounting

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Looking for someone to double check what I already have and help with the couple blanks that are left, thanks a lot.

Nix'lt Company's ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances (Nix'It uses the perpetual inventory system). Merchandise inventory Retained earnings Dividends Sales Sales discounts $ 46,800 133,300 7,000 163,600 4,700 Sales returns and allowances Cost of goods sold Depreciation expense Salaries expense 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 available is $44,750. Prepare journal entries to close the balances in temporary revenue and expense accounts. Remember to consider the entry for shrinkage. View transaction list Journal entry worksheet Record the entry to close the temporary revenue and accounts with credit balances. Note: Enter debits before credits. General Journal Credit Date July 31 General Journal Sales Income summary Debit 163,600 163,600 Record entry Clear entry View general journal

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