Exercise 9-12 Accounting for ildUlllllus LU estimated 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, 27employees qualify for one vacation day each. Their average daily wage is$230 per employee. a 60-day warranty 2. During December, Maxum Company sold 3,900 units of a product that carries units to need warranty December sales for this product total $121,000. The company expects 8% of the repairs, and it the average repair cost per unit will be S19. Prepare any necessary adjusting entries at December 31, 2015, for Maxum Company's year-end financial statements for each of the above and events. view transaction list Journal Entry worksheet Employees earn vacation pay at a rate of one day per month. During December, 27 employees qualify for one vacation day each. Their average daily wage is $230 per employee. Record the related adjusting entry