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 $230 per employee.

During December, Maxum Company sold 4,400 units of a product that carries a 60-day warranty. December sales for this product total $133,000. The company expects 7% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $19.

Prepare any necessary adjusting entries at December 31, 2017, for Maxum Companys year-end financial statements for each of the above separate transactions and events.