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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 $6,270 of accrued vacation benefits for the year 2. During December, Maxum Company sold 4,600 units of a product that carries a 60-day warranty, December sales for this product total $129,000. 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 View transaction list Journal entry worksheet Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $6,270 of accrued vacation benefits for the year. Record the related adjusting entry. Enter debits before credits Transaction General Journal 1 Dobit Credit Record entry Clear entry View general journal

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