1. Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $6,120 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 3,400 units of a product that carries a 60-day warranty, December sales for this product total $126,000. The company expects 7% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $16. Prepare adjusting entries at December 31 for Maxum Company's year-end financial statements for each of the above separate transactions View transaction list 75 Journal entry worksheet B Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $6,120 of accrued vacation benefits for the year, Record the related adjusting entry. Note Enter debits before credits General Journal Transaction 1 Dobit Credit Journal entry worksheet