P9.7 Determining Financial Statement Effects of Deferred Revenues LO9-1 A. Deferred revenues-customer deposits Eastern Brewing Company (EBC) distributes its products in an aluminum keg, Customers are charged a deposit of $22 per keg, and deposits received from customers are recorded in the keg deposits account Required: 1. This part of the question is not part of your Connect assignment 2. A production specialist who works for EBC estimates that 85 kegs for which deposits were received during the year will never be returned. How would the deposits related to these 85 kegs be reflected in the company's financial statements? Of no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction fist Journal entry worksheet