Listed below are a few transactions and events of Maxum Company. Employees earn vacation pay at a rate of one day per month. During December, 36 employees qualify for one vacation day each. Their average daily wage is $180 per employee. During December, Maxum Company sold 3,500 units of a product that carries a 60-day warranty. December sales for this product total $120,000. The company expects 8% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $14. Prepare any necessary adjusting entries at December 31, 2017, for Maxum Companys year-end financial statements for each of the above separate transactions and events.