9 Exercise 9-15 (Algo) Accounting for estimated liabilities LO P4 Listed below are a few transactions and events of Maxum Company, 4 DO Book 1. Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $8,370 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 4,400 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 $12 Prepare adjusting entries at December 31 for Maxum Company's year-end financial statements for each of the above separate transactions Roterences View transaction lit Journal entry worksheet