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Mary Company sell shampoo in reusable containers. The customer is charged a deposit for each container delivered and receives a refund for each container returned

Mary Company sell shampoo in reusable containers. The customer is charged a deposit for each container delivered and receives a refund for each container returned within two years after the year of delivery.

The entity accounts for the containers not returned with the time limit as being retired by sale at the deposit amount.

The entity provided the following information for 2019:

Container deposits on Dec 31, 2018 from deliveries in 2017 150,000

2018 430,000

Deposits for containers delivered in 2019 780,000

Deposits for containers returned in 2019 from deliveries in: 2017 90,000

2018 250,000

2019 286,000

11. What is the Liability for deposits on December 31, 2019? ____________________

12. How much is the total Container Deposits on December 31, 2019? __________________

13. Total deposits returned in 2019 _____________________________

14. Expired and no longer refundable containers as of December 31, 2019 _______________________

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