Listed below are a few transactions and events of Maxum Company. lag 5 points 1. Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $7,260 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 3,200 units of a product that carries a 60-day warranty. December sales for this product total $136,000. The company expects 6% 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. eBook Ask View transaction list Print Journal entry worksheet