Our company made sales of merchandise on account. We shipped the merchandise in containers that had cost us $50,000. We required that our customer make a deposit on these containers of $60,000 cash. To get a refund, our customer must return the containers to us within 6 months. Make the journal entry for the receipt of the deposit from our customer. One half of the containers were returned by our customer, and we made the appropriate refund. Make the journal entry. Our customer did not return the other half of the containers within 6 moths an therefore forfeited the refund. Make the journal entry(ies)