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NightWoundsTime Brewing Co. distributes its products in an aluminum keg. Customers are charged a deposit of $100 per keg, deposits are recorded in the Keg

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NightWoundsTime Brewing Co. distributes its products in an aluminum keg. Customers are charged a deposit of $100 per keg, deposits are recorded in the Keg Deposits account. C-2. A keg use analyst who works for NightWoundsTinte estimates that 330 kegs for which deposits were received during the year will never be returned. Record the accounting that would be appropriate for the deposits associated with these kegs? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction fist Journal entry worksheet Record the elimination of the liability for unreturned kegs. Note: Enter debits before credits General Journal Debit Credit Event 1

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