Check 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, 23 employees qualify for one vacation day each. Their average daily wage is $250 per employee. 2. During December, Maxum Company sold 3,500 units of a product that carries a 60-day warranty. December sales for this product total $125,000. The company expects 5% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $17 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 ( 12 Employees earn vacation pay at a rate of one day per month. During December, 23 employees qualify for one vacation day each. Their average daily wage is $250 per employee. Record the related adjusting entry. arcise Saved Help 1. Employees eam vacation pay at a rate of one day per month. During December 23 employees qualify for one vacation day each. Their average daily wage is $250 per employee 2. During December, Maxum Company sold 3.500 units of a product that carries a 60-day warranty. December sales for this product total $125,000. The company expects 5% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $17 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 During December, Maxum Company sold 3,500 units of a product that can a 60-day warranty. December sales for this product total $125,000. The company expects 5% of the units to need warranty repairs and testimate the average repair cost per unit will be $17. Record the related adjusting te Enter debit before credits Transaction General Journal