Required Information (The following information applies to the questions displayed below] NightWoundsTime Brewing Co. distributes its products in an aluminum keg Customers are charged a deposit of $45 per keg: deposits are recorded in the Keg Deposits account. c-1. A keg use analyst who works for NightWoundsTime estimates that 410 kegs for which deposits were received during the year will never be returned. What accounting, if any, would be appropriate for the deposits associated with these kegs? Indicate the financial statement effect. (Enter decreases with a minus sign to Indicate a negative financial statement effect.) Assets Balance Sheet Liabilities Income Statement Stockholders' Equity Net Income Revenues Required Information [The following information applies to the questions displayed below] NightWoundsTime Brewing Co distributes its products in an aluminum keg Customers are charged a deposit of $45 per keg; deposits are recorded in the Keg Deposits account. c-2. A keg use analyst who works for NightWoundsTime estimates that 410 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 list Journal entry worksheet < 1 Record the elimination of the liability for unreturned kegs. Note: Enter debits before credits. Event 1 General Journal Debe Credit > Required Information [The following information applies to the questions displayed below) NightWoundsTime Brewing Co distributes its products in an aluminum keg Customers are charged a deposit of $45 per keg: deposits are recorded in the Keg Deposits account d. Use the horizontal model, demonstrate accounting that would be appropriate for the cost of the kegs that are purchased and used by NightWoundsTime Brewing Company, Including how to account for unreturned kegs? Indicate the financial statement effect. (Enter decreases with a minus sign to Indicate a negative financial statement effect.) Balance Sheet Assets Stockholders' Equity Net Income Income Statement Revenues Expenses