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Listed below are a few transactions and events of Maxum Company 1. Employees eam 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 eam vacation pay at a rate of one day per month. Maxum estimated and must expense $4620 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 $131,000. The company expects 8% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $11 Prepare adjusting entries at December 31 for Moxum Company's year-end financial statements for each of the above separate transactions View transaction lit Journal entry worksheet

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