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Triplehorn Brewery in Woodinville sells its craft beer in various keg sizes. Customers pay a $80 deposit for the keg and the taps when they

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Triplehorn Brewery in Woodinville sells its craft beer in various keg sizes. Customers pay a $80 deposit for the keg and the taps when they buy beer for takeout. The deposit amount is double the cost of the kegs and taps, which are recorded on Triplehorn's books as supply inventory. Triplehorn started 2019 with a $42,000 liability for keg deposits. During January of 2019, kegs were returned and deposits refunded for $37,000. New keg deposits were taken in for $15,000, and keg deposits in the amount of $2,500 were forfeited. Prepare all journal entries in 2019 related to the keg deposits.thom wen s tuo g b 30012 To nemysg ni wob noillim ab al virrosd aynsamoo or moitoldsysston noillim S1 A3 Tolnavi aynsamo srit yd besa i aton at eros LEM eton in aonenter of aysqxs yhsmo od oldsvie991 nuos 02 ob ot 22500109r betstatav on asrl tud izablo od bluow nuornsort wod warle avodsi ilidailorit looo 107 1991 sonsisd BIOS 19de30 erini silidsid 1999 -non Yllidij Inom -. In late 2018, Macrosoft Company was sued for patent infringement related to a new software product. At year-end, the company's attorney advises that a loss is probable under this lawsuit, but it is not currently possible to reasonably estimate such amount. a. What treatment would this contingent liability receive in the company's December 31, 2018 financial statement? b. Assume the same facts as above, but assume that this lawsuit was settled for $5 million after the end of the year, but before the financial statements were issued. How would your answer above change

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