Required information

[The following information applies to the questions displayed below.]

NightWoundsTime Brewing Co. distributes its products in an aluminum keg. Custofners are charged a deposit of $60 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.

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 $60 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 Income Statement Revenues Assets Liabilities Net Income Stockholders' Equity Keg Expense Accumulated depreciation W M of 6 questions displayed below] s its products in an aluminum keg. Customers are charged a deposit of $60 per posits account. unting that would be appropriate for the cost of the kegs that are purchased and used ing how to account for unreturned kegs? Indicate the financial statement effect. (Enter ative financial statement effect.) Answer is not complete. iheet Ries * Stockholders' Equity Net Income * A Keg Expense Income Statement Revenues -Keg Expense