3829 ook Listed below are a few transactions and events of Maxum Company. 1. Employees earn vacation pay at a rate of one day per month. During December, 28 employees qualify for one vacation day each. Their average daily wage is $260 per employee 2. During December, Maxum Company sold 3,300 units of a product that carries a 60-day warranty. December sales for this product total $130,000. The company expects 9% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $14. Prepare any necessary adjusting entries at December 31, 2017, for Maxum Company's year-end financial statements for each of the above separate transactions and events. View transaction list Journal entry worksheet 1. Employees earn vacation pay at a rate of one day per month. During December, 28 employees qualify for one w Their average daily wage is $260 per employee. 2. During December, Maxum Company sold 3,300 units of a product that carries a 60-day warranty. December sall total $130,000. The company expects 9% of the units to need warranty repairs, and it estimates the average rep be $14. Prepare any necessary adjusting entries at December 31, 2017, for Maxum Company's year-end financial statemen above separate transactions and events. 55 View transaction list Journal entry worksheet 1 2 During December, Maxum Company sold 3,300 units of a product that carries a 60-day warranty. December sales for this product totl $130,000. The company expects 9% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $14. Record the related adjusting entry. Note: Enter debits before credits Transaction 2 General Journal Debit Credit