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8 Required Information (The following information applies to the questions displayed below] NightWoundsTime Brewing Co. distributes its products in an aluminum keg. Customers are
8 Required Information (The following information applies to the questions displayed below] NightWoundsTime Brewing Co. distributes its products in an aluminum keg. Customers are charged a deposit of $45 per keg: deposits are recorded in the Keg Deposits account d. Use the horizontal model, demonstrate accounting that would be appropriate for the cost of the kegs that are purchased and used by NightWoundsTime Brewing Company, including how to account for unreturned kegs? Indicate the financial statement effect. (Enter decreases with a minus sign to Indicate a negative financial statement effect.) Assets Kegs Balance Sheet Liabilities Stockholders' Equity Net Income Kegs Keg Expense Keg Expense Accumulated depreciation Kegs Income Statement Revenues Expenses
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