During the year, Neighbor Co-Op Inc. sells 1,150 beverages in glass bottles and receives a $1.00 deposit for each returnable bottle sold. As of December 31, a total of 920 glass bottles were returned and deposits on 138 bottles were forfeited because it is the company's policy that a deposit must be claimed within 30 days. The remaining 92 bottles are still with customers within the 30-day claim period.

Required a. Record the collection of deposits during the year. b. Record the return of glass bottles during the year. c. Record the forfeiture of deposits during the year assuming that the cost of each bottle is $0.80.