Listed below are a few transactions and events of Maxum Company 1. Employees earn vacation pay...

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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 $7,200 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 4,000 units of a product that carries a 60-day warranty. December sales for this product total $127,000 The company expects 8% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $13 Prepare adjusting entries at December 31 for Maxum Company's year-end financial statements for each of the above separate transactions 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 $7,200 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 4,000 units of a product that carries a 60-day warranty. December sales for this product total $127,000 The company expects 8% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $13 Prepare adjusting entries at December 31 for Maxum Company's year-end financial statements for each of the above separate transactions