Pina Colada Ltd. operates a microbrewery and sells beer directly to customers, bars, and restaurants. Pina Colada uses one- litre blue glass refillable bottles featuring a swing-top ceramic lid. The bottles cost Pina Colada $4.9 each. Pina Colada charges customers a refundable deposit of $5 for each bottle at the point of sale of their beer and records amounts received to the account Returnable Deposits. The $5 deposit amount is standard for this specialized segment of the microbeer industry and is close to the cost of the bottles. In addition, since the bottle returns must be made at the brewery location, Pina Colada is using this relatively high deposit amount as a marketing strategy because it provides an incentive for customers to return to the brewery to have their bottles refilled. Based on past experience, Pina Colada estimates that 70% of the bottles do not get returned for refund. Pina Colada makes an adjustment at the end of the fiscal year for unreturned deposits to the account Container Sales Revenue. Using the periodic system, prepare a summary journal entry for the cash sale of 3,000 bottles of beer with a selling price of $8, plus bottle deposit recorded to Refund Liability. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry* for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Prepare the year-end adjusting entry for unreturned bottles using the information provided and your entry in part (a). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Assistance Used e Textbook and Media List of Accounts