isted below are a few transactions and events of Maxum Company. 1. Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $13,000 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 12,000 units of a product that carries a 60 -day warranty. December sales for this product total $460,000. The company expects 10% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $15. Prepare adjusting entries at December 31 for Maxum Company's year-end financial statements for each of the above separate transactions. Journal entry worksheet B Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $13,000 of accued vacation benefits for the year, Record the related adjusting entry. Notel Finter debits before aretas