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Connect Hw Ch9 Saved 10 Listed below are a few transactions and events of Maxum Company 1 Employees ean vacation pay at a rate of

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Connect Hw Ch9 Saved 10 Listed below are a few transactions and events of Maxum Company 1 Employees ean vacation pay at a rate of one day per month. During December, 21 employees qualify for one vacation day each 071 points Their average daily wage is $160 per employee 2. During December, Maxum Company sold 3600 units of a product that carries a 60-day warranty December sales for this produsct total S131.000 The company expects 5% of the units to need warranty repairs, and it estimates the average repair cost per unit wil 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 Print View transaction list Journal entry worksheet Employees earn vacation pay at a rate of one day per month. During December, 21 employees qualify for one vacation day each. Their average daily wage is $160 per employee. Record the related adjusting entry Note: Enter debits before credits Record entry Clear entry View general journal

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