1. Employees earn vacation pay at a rate of one day per month. During December, 20 employees qualify for one vacation day each. Their average daily wage is $160 per employee. 2. During December, Maxum Company sold 12.000 units of a product that carries a 60-day warranty, December sales for this product total $460,000. The company expects 10% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $15. 1. Melbourn Company guarantees the $100,000 debt of a supplier. It is not probable that the supplier will default on the debt. 2. A disgruntled employee is suing Melbourn Company. Legal advisers believe that the company will probably need to pay damages, but the amount cannot be reasonably estimated. 1. Employees earn vacation pay at a rate of one day per month. During December, 20 employees qualify for one vacation day each. Their average daily wage is $160 per employee. 2. During December, Maxum Company sold 12.000 units of a product that carries a 60-day warranty, December sales for this product total $460,000. The company expects 10% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $15. 1. Melbourn Company guarantees the $100,000 debt of a supplier. It is not probable that the supplier will default on the debt. 2. A disgruntled employee is suing Melbourn Company. Legal advisers believe that the company will probably need to pay damages, but the amount cannot be reasonably estimated