Journal entry worksheet 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. Record the related adjusting entry Note: Enter debits before credits. Transaction Debit Credit General Journal Warranty expense Estimated warranty liability Record entry Clear entry View general journal