Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective containers. Customers pay a deposit for each container received. The deposit is equal to the container's cost. They receive a refund when the container is returned. During 2021, deposits collected on containers shipped were $883,000. Deposits are Wortelted It containers are not returned within 18 months. Containers held by customers at January 1, 2021. represented deposits of $550,000. In 2021, $820,000 was refunded and deposits forfeited were $56,500. Required: 1. Prepare the appropriate journal entries for the deposits received, returned, and forfeited during 2021. 2. Determine the ability for refundable deposits to be reported on the December 31, 2021, balance sheet OK Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate journal entries for the deposits received, returned, and forfeited during 2021. (If no entry is required for a transaction/event, select "No joumis entry required in the first account held: View transactions france Journal entry worksheet Record the deposits collected View transaction list 0.84 Joints Journal entry worksheet 2 3 3 4 Book Record the deposits collected. Hint Note: Enter debits before credits Ask Transaction General Journal Debit Credit 1 Prim References Racord entry Clear entry View general Journal Required 2 > 3 transaction/event, select "No journal entry required in the first account rield.) View transaction list 0.84 points Journal entry worksheet points Journal entry worksheet 1 2 3 book Record the deposits forfeited adjust inventory. Him Note: Enter debits before credits Transaction 4 General Journal Dobit Credit fo Record entry Clearly View general Journal Required 2 >