Recording Customer Deposits In 2020, Neighbor Co-Op Inc. sells 1,350 beverages in glass bottles and receives a $1.00 deposit for each returnable bottle sold. As of December 31, 2020, a total of 1,080 glass bottles were returned and deposits on 162 bottles were forfeited because it is the company's policy that a deposit must be claimed within 30 days. The remaining 108 bottles are still with customers within the 30-day claim period. Required a. Record the collection of deposits in 2020. b. Record the return of glass bottles in 2020. c. Record the forfeiture of deposits in 2020 assuming that the cost of each bottle is $0.80. Account Name To record forfeiture of deposits To adjust inventory related to forfeitures