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Listed below are a few transactions and events of Maxum Company. 1. Employees earn vacation pay at a rate of one day per month. Maxum

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Listed 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 $8,190 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 4,300 units of a product that carries a 60 -day warranty. December sales for this product total $140,000. The company expects 7% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $17. Prepare adjusting entries at December 31 for Maxum Company's year-end financial statements for each of the above separate transactions. Journal entry worksheet Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $8,190 of acerved vacation benefits for the year. Record the related adjusting entry. Note; Enter debits befure oredts. Listed below are a few transactions and events of Maxum Company. 1. Employees earn vacation poy at a rate of one day per month. Maxum estimoted and must expense $8,190 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 4,300 units of a product that carries a 60 -day watranty. December sales for this product total $140,000. The company expects 7% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $17. Prepare adjusting entries at December 31 for Maxum Company's year-end financial statements for each of the above separate vansactions. Journal entry worksheet During December, Maxum Company sold 4,300 units of o product that carries a 60 -day warranty. December sales for this product total $140,000. The company expects 7% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $17, Record the related adjusting entre

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