NightWoundsTime Brewing Co. distributes its products in an aluminum keg. Customers are charged a deposit of $40 per keg; deposits are recorded in the Keg Deposits account. kercise 7-11 (Algo) Part b - Journal entry 2. Record the journal entry to show the effect of giving a keg deposit refund to a customer for one keg. (If no entry is quired for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet <> Record the refund of keg deposits. Note: Enter debits before credits. Event General Journal Debit Credit 1

NightWoundsTime Brewing Co. distributes its products in an aluminum keg. Customers are charged a deposit of $40 per keg; deposits are recorded in the Keg Deposits account. kercise 7-11 (Algo) Part b - Journal entry 2. Record the journal entry to show the effect of giving a keg deposit refund to a customer for one keg. (If no entry is quired for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet <> Record the refund of keg deposits. Note: Enter debits before credits. Event General Journal Debit Credit 1

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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