9.09 points 1. Employees earn vacation pay at a rate of one day per month Maxum estimated and must expense $8,840 of accrued vacation benefits for the year 2. During December, Maxum Company sold 3,700 units of a product that carries a 60-day warranty, December sales for this product total $124,000. The company expects 8% 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 Book Print References View transaction list Journal entry worksheet A B Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $8,840 of accrued vacation benefits for the year. Record the related adjusting entry Note: Enter debits before credit Transaction General Journal Debit Credit 1. Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $8,840 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 3,700 units of a product that carries a 60-day warranty, December sales for this product total $124,000. The company expects 8% 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 lok ht View transaction list Journal entry worksheet